China Education Stocks Jump on Support for Vocational Schools
- Sector gets rare boost after private-tutoring clampdown
- China East Education, Yuhua Education among stocks Citi likes
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China’s support for vocational schools is breathing life into education stocks that have been battered by a crackdown on private tutoring businesses.
Stocks ranging from training service providers to education consulting firms all soared in reaction to the government’s release of guidelines to promote vocational education. Jiangsu Chuanzhiboke Education Technology Co. rose the 10% limit in Shenzhen, while Kaiyuan Education Technology Group Co. jumped 20% in Shanghai.