Chinese Education Stocks Drop as Beijing Vows Tighter Regulation
- State Council issues guidelines for classes held off campus
- Government wants students to play sports, learn art skills
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Shares of Chinese education companies fell in Hong Kong after the government said it would tighten oversight of compulsory schooling and firms providing tutoring services.
China Maple Leaf Educational Systems Ltd., China Xinhua Education Group Ltd., China New Higher Education Group Ltd. and Wisdom Education International Holdings Co. all retreated at least 3.2%.