Core Viewpoint - The National Development and Reform Commission (NDRC) aims to prevent local governments from using government investment funds to indirectly subsidize industries with excess capacity, thereby avoiding redundant investments and disorderly competition [1] Group 1: Policy Guidelines - The proposed "Measures for Strengthening the Guidance and Evaluation Management of Government Investment Fund" emphasizes incentive constraints to optimize industrial layout and strengthen industrial regulation [1] - The guidelines will direct government investment funds towards or away from industries that are either encouraged or restricted by the state, ensuring a balance of support and pressure in industrial regulation [1] Group 2: Implementation and Management - Local governments are urged to reasonably coordinate fund allocation based on evaluation results, aiming to standardize and improve the operation management and investment decision-making mechanisms of government investment funds [1] - The incentive and constraint mechanisms will be effectively transmitted to all levels of funds and managers, enhancing the motivation of all parties involved [1]