#China clampdown on private #education firms appears in effect. Media reports Beijing city has started policy. All private tutoring firms:
-must register as non-profits
-banned from raising funds via stock markets or foreign investment
-violators shall be “rectified”
-must register as non-profits
-banned from raising funds via stock markets or foreign investment
-violators shall be “rectified”
Stated goal to bring down stress for children, costs for parents (so parents can have more kids in line w/ #China new 3-child policy.) Policy incl. ban on after school tutoring on wkds, public holidays, school vacay, after 9pm. (Many tho suspect political control also a factor.)
$TAL Education, New Oriental $EDU, 17 Education $YQ, 51 Talk $COE,
Zhangmen Education $ZME post statements online saying the new regulations for private tutoring have not been published and they have yet to receive formal notifications.
Zhangmen Education $ZME post statements online saying the new regulations for private tutoring have not been published and they have yet to receive formal notifications.
#China media quote document on private #education firms which says restrictions roll out over 3 years, but mainly in first year. Policy starts with K thru 9 then higher grades. Aims also to prohibit providing overseas education courses.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
