Navigating China's regulatory tsunami

Students with their parents after attending a private after-school education in Haidan, Beijing, on July 28, 2021.
Students with their parents after attending a private after-school education in Haidan, Beijing, on July 28, 2021.PHOTO: AFP

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.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.