The Zhitong Finance App learned that on December 21, the education sector continued to rise. As of press release, the Education ETF (513360.SH) rose 4.19%. CITIC Construction Investment Securities recently released a research report stating that it is recommended to pay attention to the valuation repair market in the private higher education sector. Currently, the endogenous growth of the private higher education sector is generally 10%-15%, and the dividend ratio of higher education companies is generally 30%-50%, corresponding to a 5% +dividend rate. Currently, the classification and registration of private colleges and universities is progressing steadily. After private colleges and universities are registered as for-profit enterprises, the legality of their listing is further guaranteed, and sector valuations are expected to continue to recover. Currently, the private higher education valuation sector's corresponding FY23 valuation sector is only 4-8X.