Chengshi Foreign Education (01565) surged more than 12% to a record high. As of press release, it rose 12.50% to HK$0.18, with a turnover of HK$1.16 million.
The Zhitong Finance App learned that Chengshiwai Education (01565) surged more than 12% to a new high. As of press release, it had risen 12.50% to HK$0.18, with a turnover of HK$1.16 million.
According to the news, recently, the Ministry of Education issued the “Regulations on the Administration of Out-of-School Training (Draft for Comments)” to further regulate out-of-school training following the “double reduction” policy. Tianfeng Securities believes that the “Draft for Solicitation of Comments” clarifies the basic position of out-of-school training as a useful complement to school education, and that the policy is favorable.
According to the bank, leading institutions have accelerated non-subject transformation and gradually opened new outlets in the past 2 years, all of which are positive industry signals; it is now the third year since the double reduction. On the one hand, it is necessary to clarify the effects of the double reduction, and on the other hand, it is also necessary to promote standardization and rule of law in the governance of out-of-school training; this opinion paper clarifies the basic position of out-of-school training as a useful complement to school education, and faces up to parents' reasonable training needs.