nonstandard debt refers to nonstandard debt assets. The so-called "non-standardized creditor's rights assets" refer to creditor's rights assets that are not traded in the inter-bank market or the stock exchange market, including credit assets, trust loans, entrusted creditor's rights, acceptance bills, letters of credit, accounts receivable, various usufructuary rights, equity financing with repurchase clauses, etc.

non-standardized debt financing business mainly includes entrusted loan mode, bank-trust-bank-securities-bank-insurance cooperation mode and asset income right mode.

nonstandard creditor's rights assets refer to creditor's rights assets that are not traded in the interbank market and the stock exchange market, including but not limited to credit assets, trust loans, entrusted creditor's rights, acceptance bills, letters of credit, accounts receivable, various beneficiary rights, equity financing with repurchase clauses, etc.

Non-standardized creditor's rights refer to creditor's rights assets that are not publicly traded, such as trust loans. Compared with standardized debt assets, such assets are generally not publicly issued, with high risk and low liquidity, lacking standardized securities characteristics, but the nominal rate of return will be much higher.

In the Notice on Regulating the Investment Operation of Commercial Banks, China Banking Regulatory Commission pointed out that commercial banks' wealth management funds directly or indirectly invested in "non-standardized debt assets" business grew rapidly. Some banks have some problems in business development, such as evading loan management and failing to isolate investment risks in time. It is understood that the so-called "non-standardized creditor's rights assets" refer to creditor's rights assets that are not traded in the inter-bank market and the stock exchange market, including but not limited to credit assets, trust loans, entrusted creditor's rights, acceptance bills, letters of credit, accounts receivable, various beneficiary rights, and equity financing with repurchase clauses.

China Banking Regulatory Commission (CBRC) issued a notice to regulate all non-standardized creditor's rights investments in wealth management products of commercial banks, and set an upper limit of 35% of the balance of wealth management products, or no more than 4% of the total assets of banks in the previous year. The new regulations will take effect on March 27th, 213.

Supervision refers to the potential risk hidden danger that commercial banks' wealth management directly or indirectly invest in "non-standardized debt assets" business since 212.

in view of the risks existing in financial investment in non-standardized creditor's rights assets, the CBRC reiterated its consistent emphasis on the principle of "one-to-one correspondence in the use of capital sources", that is, each financial product should be in one-to-one correspondence with the invested assets (subject matter), and each product should be managed, accounted for and accounted for separately. One-to-one correspondence is the most important red line. Above the red line, the stock part, that is, for the non-standardized creditor's rights assets that have been invested before the issuance of the Notice but have not yet reached the standard, the CBRC stipulates that commercial banks should complete the risk-weighted asset measurement and capital withdrawal by the end of 213 in accordance with the requirements of the Capital Management Measures for Commercial Banks. At the same time, in the incremental part, if the relevant requirements cannot be met, the commercial bank shall immediately stop the relevant business until the specified requirements are met.