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Stock impact report

China to unveil tough new rules for private tutoring sector - sources [Reuters]

TAL Education Group American Depositary Shares (TAL) 
Last tal education group american depositary shares earnings: 7/25 04:00 am Check Earnings Report
Company Research Source: Reuters
sources told Reuters, including trial bans on vacation tutoring and restrictions on advertising. FILE PHOTO: Children leave a school in the Shekou area of Shenzhen, Guangdong province, China April 20, 2021. REUTERS/David Kirton/File Photo The new rules, which aim both to ease pressure on school children and boost the country's birth rate by lowering family living costs, could be announced as early as next week and take effect next month, two of the people with knowledge of the plans said. The imposition of a trial ban on both online and offline tutoring over the summer and winter holidays in Beijing, Shanghai and other major cities, cited by the sources, goes much further than the planned measures first reported by Reuters last month. “The new rules would be stricter than expected,” said one of the sources, a person close to regulators drafting the new rules. “The industry should be preparing for the worst.” The trial vacation ban, which adds to plans to bar online and offli Show less Read more
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