On July 24, according to Xinhua News Agency, the General Office of the CPC Central Committee and the General Office of the State Council issued “Opinions on Further Reducing the Work Burden and Out-of-School Training Burden of Students in Compulsory Education” (hereinafter referred to as the “Double Reduction” Opinion). This opinion was previously reviewed and approved by the 19th session of the Central Committee on Comprehensive and Deepening Reform on May 21, 2021.

A previous research report by CITIC Securities pointed out that in the future, K9 subject training institutions may enter an era of strong supervision for a long period of time. Both business development and capitalization paths will be restricted. At the same time, preschool education training and high school subject training will also present certain regulatory risks. Therefore, it is recommended that training institutions shift in the direction of quality education, vocational education, education technology, etc. where policies are more enco