Education stocks continued their recent gains. As of press release, Maple Leaf Education (01317) rose 5.88% to HK$0.45; Yuhua Education (06169) rose 5.66% to HK$0.56; China's Xinhua Education (02779) rose 4.92% to HK$0.64; and Thinkle Education (01769) rose 0.27% to HK$3.75.
The Zhitong Finance App learned that education stocks continued their recent gains. As of press release, Maple Leaf Education (01317) rose 5.88% to HK$0.45; Yuhua Education (06169) rose 5.66% to HK$0.56; China's Xinhua Education (02779) rose 4.92% to HK$0.64; and Thinkle Education (01769) rose 0.27% to HK$3.75.
According to the news, the Ministry of Education announced the “Regulations on the Administration of Out-of-School Training (Draft for Comments)”. Minsheng Securities stated that the draft for solicitation of comments clarifies the scope of application of the regulations governing out-of-school training: out-of-school training for primary and secondary school students and preschoolers aged 3-6 is included in the scope of management, while the high school level is not within the scope of administration. The publication of this opinion draft further boosts market confidence and will play an important role in stabilizing long-term expectations.
Galaxy Securities said that the current regulatory policy framework for China's education and training industry is quite complete, the boundaries and framework for standardized development of the industry are clear, and the visibility of policy stability is high, which is expected to dispel market concerns about policy risks in the education sector and increase sector valuations. Guoxin Securities, on the other hand, pointed out that the latest financial reports and operating data of leading education and training continue to perform well, and the dividends of improving the competitive landscape of the industry brought about by the double reduction policy are still showing. The broker expects these companies to continue to benefit from this trend.