The Zhitong Finance App learned that the increase in education stocks increased in the afternoon. As of press release, Xie Le Education (01769) rose 9.68% to HK$2.72; Excellent Education Group (03978) rose 4.88% to HK$1.72; New Higher Education Group (02001) rose 1.84% to HK$2.21; and New Oriental-S (09901) rose 1.77% to HK$69.05.

According to the news, on February 8, the Ministry of Education issued the “Regulations on the Administration of Out-of-School Training (Draft for Comments)”. Following the “double reduction” policy, the Ministry of Education further regulates out-of-school training for primary and secondary school students and preschool children aged 3-6, with the main purpose of improving academic standards or developing special interests, etc., and put forward regulatory opinions on school licensing, subject/non-subject classification, training time, pricing, teaching and research personnel qualifications, and filing of training materials.

Tianfeng Securities released a research report stating that the “Draft for Solicitation of Comments” clarifies the basic position of extracurricular training as a useful complement to school education, clarifies the basic principles of the public welfare of out-of-school training, clarifies the goal orientation of standardizing management, improving quality, and meeting diverse cultural and educational needs, clarifies the legislative value of balancing the rights and obligations of institutions, parents, students, schools, etc., and further improves the out-of-school training management system; at the same time, faces up to reasonable training needs and guides non-subject out-of-school training institutions to participate in after-school services.