In terms of fund management, the railway development fund will take the form of closed-end company fund (tentative 15), which will be entrusted by the government as the main sponsor and set up with high credit institutions such as the National Social Security Fund Council. Among them, the railway corporation is the common shareholder of the fund company, as the representative of the investor of the central financial funds; Other investors are preferred shareholders of the fund company and do not participate in the daily operation and management of the fund company. At the initial stage of fund operation, the fund investment management company was mainly entrusted by the railway head office.