Navigating China's regulatory tsunami
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Students with their parents after attending a private after-school education in Haidan, Beijing, on July 28, 2021.
PHOTO: AFP
Eli Lee for The Straits Times
SINGAPORE - It is an unusual sight to have two bellwether education stocks plunging by over 50 per cent in a single day.
When news broke late last week that Chinese regulators require K-12 private tutoring firms to be converted into non-profit institutions, the share prices of the two largest Chinese private education services - New Oriental Education & Technology Group and TAL Education Group - corrected by around 70 per cent.
