National Development and Reform Commission: Vigorously prevent local governments from subsidizing overcapacity areas through government investment funds to avoid redundant investments and disorderly competition.

The draft of "Guidelines for Strengthening the Guidance, Evaluation, and Management of Government Investment Funds" stipulates that it should highlight incentives and constraints, promote the optimization of industrial layout, and strengthen industrial regulation. It aims to guide government investment funds to target or withdraw from industries encouraged or regulated by the state, maintaining both support and pressure to enhance and optimize industrial regulation. It is necessary to prevent local governments from indirectly subsidizing overcapacity through government investment funds, as well as to prevent duplicate investments and disorderly competition. The guidelines urge all regions to reasonably coordinate fund deployment based on evaluation results, standardize and improve the operation and investment decision-making mechanisms of government investment funds, and fully transmit incentive and constraint mechanisms to funds and managers at all levels, in order to better mobilize everyone's enthusiasm.