The government-initiated scheme aims to attract social capital investment.

　　After an open bidding process, several fund management companies will be selected to manage the fund and be given the authority to make investment decisions.

　　国务院设400亿创投基金

　　The fund will mainly channel into start-up companies in emerging industries.

　　For more on the fund, we're now joined live with CRI Financial Commentator Cao Can.