His
nonstandard behavior often gets him into trouble.
他的非标准行为经常使他陷入麻烦。
The company's products failed to meet the
nonstandard safety requirements.
该公司的产品未能达到非标准的安全要求。
She speaks English with a
nonstandard accent, which makes it hard for others to understand her.
她讲英语时带着一种非标准口音，这使得其他人很难理解她。
The teacher tried to correct the student's
nonstandard grammar usage.
老师试图纠正学生使用的非标准语法。
The building was constructed using
nonstandard materials, making it unsafe in earthquakes.
这座建筑使用了非标准材料建造，使其在地震中不安全。
His
nonstandard approach to problem-solving has earned him respect from his colleagues.
他解决问题的非标准方法为他赢得了同事们的尊重。
The artist used
nonstandard techniques to create a unique painting.
这位艺术家使用非标准技术创作了一幅独特的画作。
The computer program requires a
nonstandard operating system.
这个计算机程序需要一个非标准的操作系统。
The athlete's
nonstandard training methods have helped him achieve great success.
这名运动员的非标准训练方法帮助他取得了巨大的成功。
Her
nonstandard way of thinking has led to many innovative ideas.
她的非标准思维方式导致了许多创新的想法。
Other breaches include setting nonstandard accounting books that violate the accounting law and accounting standards, said an announcement issued by the Ministry of Finance.
财政部发布的公告指出，其他违规行为包括设置非标准账簿，违反会计法和会计准则。
According to him, robots will also see wider application in sectors featuring nonstandard products.
A few pilot regional carbon exchanges in China already offer such products, including carbon swaps and carbon-linked bonds and structured deposits, although most are nonstandard products and of limited trading volume.
Meanwhile, Hongbulin, a secondhand luxury products trading platform in China, said it has received six rounds of funding from investors and the company has established a standardized process to value nonstandard goods.
Based on the characteristics of different Chinese herbs, the decocting machines can adjust the temperature and decocting time, avoiding nonstandard operation and safety risks.
A growing number of people show preference for "nonstandard products" such as homestays or lodging services, which are more economical, practical and nimble, he said.
China has precedents of punishing the behaviors of companies with nonstandard emissions, selling shoddy pollution control devices and posing as qualified products for emissions inspection.
This concept contrasts with unconventional monetary policy, which uses nonstandard tools like quantitative easing to help iron out business cycles.
The size of nonstandard financial products will further contract while market demand for standard products, such as corporate bonds, will be buoyed.
It is a nonstandard means, only to be utilized in special cases.
The balance of wealth management products invested in nonstandard assets in the real estate sector also fell by 36 percent on a yearly basis.
If some nonstandard transfers happen, the system will automatically raise an alarm in the form of a red label.
Last year, CCB's infrastructure-related NPLs increased slightly, which was caused by its rectification of the nonstandard asset management business and growing risk exposure in some regions due to China's efforts to clear up implicit risks of local government debt, Jin said.
The PBOC has also highlighted the need to tighten supervision on nonstandard innovative deposit products, for investor protection.
By the end of last year, bank WMPs provided 22.21 trillion yuan of funding to the real economy by investing in assets including bonds, nonstandard debt assets and equities of unlisted companies, said Ma Zhongfu, chairman of China Wealth (Asset) Management Registry and Custody Co Ltd, a provider of wealth management registry, custody, risk monitoring and market research services.
The new rule seeks to limit the shadow banking businesses in which financial institutions have a high degree of exposure, especially in nonstandard debt products with less supervision, and those which could increase systemic risks due to higher leverage levels, experts said.
The extension of the transitional period will help increase the aggregate financing, as the nonstandard products will supplement bank loans and lend support to the corporate sector, which is in line with the policymakers' objective of stabilizing economic growth, said Ming Ming, a senior researcher with CITIC Securities.
Second, with the deepening of financial regulation and the rise of financial risk in traditional areas, banks and trust companies are forced to reduce their holdings of nonstandard assets via a large amount of wealth management funds and trust funds and increase asset allocation to A shares through various channels.
On the one hand, financial regulators have kept pressurizing banks and trust companies since 2017, requiring these financial institutions to reduce the proportion of their off-balance sheet assets to total assets and the proportion of their on-balance sheet assets allocated to nonstandard assets.
In a notice issued on Tuesday, the China Banking and Insurance Regulatory Commission said that its inspections had revealed that some banking and insurance institutions have weak control over their nonstandard investments.
"Tighter regulation has mitigated the rising asset risk for insurance companies, which have been strictly implementing risk management and have increased the transparency of the underlying assets of nonstandard investment," said Zhu Qian, Moody's vice-president and senior credit officer, during an online conference on Wednesday.
The rules will discourage banks' wealth-management businesses from excessive allocation of customer assets under management to riskier shadow banking products, also known as nonstandard products.
Zeng Gang, deputy director-general of the National Institution for Finance and Development, said in the past, asset management products were mostly invested in quasi-credit assets including nonstandard products, rather than being invested in capital markets from which companies raise money directly.
"Financial regulators are promoting transition in the asset management industry by investing a large portion of assets in stocks and bonds, instead of nonstandard products.
Coming into effect on March 1, the regulation forbids bank wealth management subsidiaries to invest their own capital in nonstandard assets and sets higher risk coefficient for the subsidiaries to invest wealth management funds in nonstandard assets, compared with standard assets.
According to the rules, the risk coefficient for investment in nonstandard debt-based assets ranges from 1.5 percent to 3 percent, whereas that for investment in cash, bank deposits, interbank placement, fixed-income securities and other standard debt-based assets is zero percent.
More types of debt assets have been identified by China's financial regulator as "nonstandard" and will face tighter scrutiny from 2020, as the country steps up its efforts to rein in the shadow banking sector and control financial risks.
About 800 billion yuan ($113.39 billion) of debt instruments, which were in the "gray zone" of financial regulations before, will be classified as nonstandard assets, analysts said, based on new standards proposed by the People's Bank of China, the central bank, on Saturday.
The nonstandard assets will face tightened regulations starting from 2020, including requirements like tenor, quota and information disclosure, said the PBOC.
Other types of credit assets, which cannot be approved by the financial regulatory body as "standard", will all be identified as "nonstandard".
Financial institutions, especially commercial banks, used to invest in nonstandard credit assets to avoid regulatory requirements, said Wang.
By the end of June, the outstanding non-guaranteed asset management products issued by commercial banks reached 25.12 trillion yuan, and 17.02 percent of that was invested in nonstandard assets, or about 4.27 trillion yuan, showed a report from the China Banking Wealth Management Product Registration and Depository Center.
The large amount of asset management products, including the nonstandard credit instruments, have contributed to the country's "shadow banking" sector, but they are still significant financing channels for small Chinese companies.
The nation did not see a steep fall in investing for nonstandard credit assets, which account for about 15 percent of wealth management products offered by commercial banks, according to a report by Securities Times on Thursday, citing an official at the People's Bank of China, the central bank.
According to the report, Tao Ling, deputy head of the financial stability bureau at PBOC, said the new rules for China's asset management sector were never meant to clamp down on shadow banking or forbid investing in nonstandard credit assets.
"By getting listed, fintechs will consolidate previous achievements in development and will take the IPO as an opportunity to rectify nonstandard businesses so that they will meet compliance requirements.
About 70 percent of the wealth management funds are invested in standard assets such as bonds, deposits and monetary market instruments, while about 15 percent of the funds are invested in nonstandard debt assets, according to the regulator.
The detailed rules, which are designed on the basis of the framework and philosophy of the country's first unified guidelines for asset management products in April, clarified that publicly-issued products can still invest in some high-risk nonstandard credit assets, and players are allowed to issue "old products" to invest in "new products" during the transition period, in order to maintain necessary liquidity and market stability.
"Financial institutions, especially some commercial banks, became hesitant or overreacted to the tightened regulations, thus they suspended part of their financing activities and stopped large-scale investment in nonstandard credit assets already－one of the reasons that led to the current liquidity pressure," said Wei Xing, an expert in asset management products with a domestic securities company.
Around 42.19 percent of the WMPs have been invested into the bond market and 16.22 percent in nonstandard credit assets, such as trust loans and acceptance bills, according to an official report.
Some efforts have already been made to reflect a policy switch from restriction of nonstandard borrowings to expansion of more financing channels to ease funding woes.
"The new regulations will help transform the current business practices (of asset management) in terms of net-value product management, banning firm commitment to redemption, prohibiting pooling of funds business, limiting the duration mismatch between nonstandard assets and asset management products, and enhancing capital measurement, provisioning of reserves and information disclosure," said Steven Xu, partner of financial services at EY Hua Ming LLP.
"The new regulations will help transform the current business practices in terms of net-value product management, banning firm commitment to redemption, prohibiting pool of funds business, limiting the duration mismatch between nonstandard assets and asset management products, and enhancing capital measurement, provisioning of reserves and information disclosure," Xu said.
According to the official statement, the regulation also clarified investment limits on illiquid and little-regulated nonstandard credit assets, and restricts maturity mismatching.
Nonbank credit channels, including trust and entrusted loans, are being tightened along with nonstandard debt products.
Analysts have applauded China's new policy on the asset management sector that aims at curbing risks in the financial system by raising thresholds for entrants and strengthening regulations over nonstandard products.
A research note from Guosen Securities said that the proposed plan aims to direct capital from nonstandard ones to standard products, which would benefit the stock and bond markets.
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