Group 1 - The core viewpoint of the article highlights the evolution of guiding funds and their requirements for sub-funds, emphasizing a shift towards more specialized and vertical investment strategies in niche industries [2][3] - The guiding funds have transitioned from a "coarse" development model to a more refined approach, now focusing on establishing fund clusters and creating a matrix of funds that work together at provincial and municipal levels [3] - There is a growing trend for guiding funds to support specialized fund groups targeting specific sub-sectors, indicating a shift in government strategy from supporting single investment platforms to fostering collaborative fund ecosystems [3] Group 2 - General Partners (GPs) must adapt their fundraising strategies to align with the new environment, moving away from broad investment approaches to a more focused understanding of specific sectors [4] - To attract Limited Partners (LPs), GPs need to enhance their industry resources and service capabilities, providing added value through differentiated services and establishing a unique ecosystem [5] - The establishment of fund clusters is expected to expand by 2025, with government guiding funds acting as catalysts for industrial transformation and technological innovation [5]