Einstein Probe is a small mission dedicated to time-domain high-energy astrophysics. Its primary goals are to discover high-energy transients and to monitor variable objects in the $0.5-4~$keV X-rays, at higher sensitivity by one order of magnitude than those of the ones currently in orbit. Its wide-field imaging capability, featuring a large instantaneous field-of-view ($60^circ times60^circ$, $sim1.1$sr), is achieved by using established technology of micro-pore (MPO) lobster-eye optics, thereby offering unprecedentedly high sensitivity and large Grasp. To complement this powerful monitoring ability, it also carries a narrow-field, sensitive follow-up X-ray telescope based on the same MPO technology to perform follow-up observations of newly-discovered transients. Public transient alerts will be downlinked rapidly, so as to trigger multi-wavelength follow-up observations from the world-wide community. Over three of its 97-minute orbits almost the entire night sky will be sampled, with cadences ranging from 5 to 25 times per day. The scientific objectives of the mission are: to discover otherwise quiescent black holes over all astrophysical mass scales by detecting their rare X-ray transient flares, particularly tidal disruption of stars by massive black holes at galactic centers; to detect and precisely locate the electromagnetic sources of gravitational-wave transients; to carry out systematic surveys of X-ray transients and characterize the variability of X-ray sources. Einstein Probe has been selected as a candidate mission of priority (no further selection needed) in the Space Science Programme of the Chinese Academy of Sciences, aiming for launch around 2020.
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