China confirms ban on for-profit tutoring in core school subjects - Xinhua-To The Moon - Tiger Brokers Online Investing Community

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China confirms ban on for-profit tutoring in core school subjects - Xinhua

Reuters2021-07-24

* Rules confirm ban reported by Reuters on Friday

* Policy intended to ease burden on students, families

* Foreign investment in the sector will be prohibited

SHANGHAI, July 24 (Reuters) - China is barring tutoring for profit in core school subjects to ease financial pressures on families that have contributed to low birth rates, a report in the official Xinhua news agency said on Saturday.

The news confirmed a measure contained in a government document widely circulated on Friday and confirmed by Reuters that sent shockwaves through China's vast private education sector, hitting providers' share prices.

Foreign investment in the sector will be prohibited under the rules set out by the State Council, Xinhua said.

Curriculum-based tutoring institutions will be barred from raising money through listings or other capital-related activities, while listed companies will not be allowed to invest in such institutions, according to the rules.

The policy aims to "significantly" reduce the financial burdens faced by students and families within three years, the news agency said.

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Comment（57）

Orez13
·2021-07-31
Ban tuition in name but ban siphoning monies in actual
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Irene88
·2021-07-27
[Sad]
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1
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- UTOtrader:
  no profit coy
  2021-08-25
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独孤Time
·2021-07-26
卖Y嫖C也是名言禁止的，禁的了吗？
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Takiho
·2021-07-26
China slowing down the tuition to reduce pressure on families. However, sentiments on the groundwill be the reverse. Look out for shares in tutor on core school subjects.
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littlekitten
·2021-07-26
Cheh!
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- JMZZ:
  Good
  2021-07-26
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EHG
·2021-07-26
Like
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2
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- EHG:
  Like
  2021-07-29
  Reply
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- Ivychai:
  Done
  2021-07-26
  Reply
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phantom74
·2021-07-26
Like pls
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- Supermark:
  Good news for the family kids
  2021-07-26
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PC88
·2021-07-26
Great
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RS69
·2021-07-26
$New Oriental Education & Technology(EDU)$[流泪]
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Ericlam
·2021-07-26
This will be a shock for the company
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8
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- Ericlam:
  nice
  2021-07-27
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- Acella:
  ?
  2021-07-27
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- Ericlam:
  nice
  2021-07-26
  Reply
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Cynderella
·2021-07-26
Such a sudden news shock shock shock shock lllllllllllllllll
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- Ericlam:
  shock
  2021-07-26
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JohnL
·2021-07-26
Wow
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3
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- Ericlam:
  nice
  2021-07-26
  Reply
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rich9888H
·2021-07-25
Too many policy
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- JohnL:
  Tough to follow
  2021-07-26
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SHAJ
·2021-07-25
Prolly cos of greedy tutors taking advantage of tiger parents
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- Ericlam:
  nice
  2021-07-26
  Reply
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HappyWolf
·2021-07-25
[Anger] [Anger]
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- Ericlam:
  nice
  2021-07-26
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Liuliusg
·2021-07-25
It is hard time now in this type of stock, no doubt, get yourself ready for the opportunity.
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2
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- Ericlam:
  nice
  2021-07-26
  Reply
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Jfamily
·2021-07-25
If ban for profit tutoring who will be interested todo this?
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- 慢的老人:
  The Chinese govt will provide state sponsored tuition by their pros
  2021-07-26
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- Ericlam:
  nice
  2021-07-26
  Reply
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EstherFoo
·2021-07-25
The time is coming. Please prepare bullet.
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- Ericlam:
  nice
  2021-07-26
  Reply
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Troytan
·2021-07-25
China coming hard at Chinese company listed inUS. Who will be next.
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- Ericlam:
  nice
  2021-07-26
  Reply
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PHBeh
·2021-07-25
Awesome opportunity!
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1
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- Ericlam:
  nice
  2021-07-26
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Look out for shares in tutor on core school 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