Refers to non-standardized financial products corresponding to traditional, standardized financial products with certain standards in the financial market. Such products are often difficult to invest or finance through traditional financial channels because of their unique, non-standardized, and customized characteristics. Common non-standard financial products include trusts, asset management, entrusted loans, corporate bonds, etc. Features:

1. Non-standardized: Financial non-standard products often do not have unified investment and financing standards, and the risks and returns of each product are different.

2. Customization: Financial non-standard products are usually customized according to investors’ needs and risk tolerance, and are highly targeted and flexible.

3. Higher returns: Compared with traditional financial products, financial non-standard products often have higher returns, attracting many investors who pursue high returns.

4. Higher risk: Due to the non-standardized characteristics of non-standard products, their risks are higher than traditional financial products, and investors need to have a strong risk tolerance.