The typical ad-hoc tools that we put in place in recent years, however, include the special-purpose relending facilities in support of scientific and technological innovation, transportation and logistics, equipment upgrading, etc. With an outstanding value of $ billion equivalent (RMB3 trillion), these ad hoc instruments have well-defined expiration dates or exit plans.
Although I am in favour of a different legal basis, one that could simplify matters a lot given the now very complex SSM governance structure, I am nevertheless convinced of the advantages of the SSM. One factor will be decisive for the success of the SSM: close and constructive cooperation between all parties involved.