 "schools, education, students, teachers, professors, college")
In a bid to increase core focus on education, the Chinese government over the weekend issued a new regulation that bars China's tutoring companies from being profit oriented. They will no longer be able to raise capital in the stock market or invest in other education providers. They will also be banned from offering tutoring services during the weekends and school breaks.
This move disturbed the current sentiment market sentiment, with education stocks plunging in the wake of a sweeping overhaul that threatens to upend the $100 billion sector and jeopardize billions of dollars in foreign investment. READ
