Page 8 - புதியது யார்க் பட்டியலிடப்பட்டுள்ளது News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Sanofi bets big on mRNA vaccines, to buy Translate Bio for $3 2 bn
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School s out? Tuition curbs pile on the anxiety for China s parents
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School s Out? Tuition Curbs Pile On The Anxiety For China s Parents By Beiyi SEOW
07/29/21 AT 11:05 PM
In Beijing s exclusive Haidian district, Zhao says she ploughs $10,000 a year into extra classes for her eight-year-old, a leg up in the competitive scramble of modern China and an advantage the state now wants to restrict.
As they scythe down oversized businesses, Chinese authorities say the vast tutoring sector has to turn non-profit, effectively wiping out the business models of education companies that have spun billions from the anxieties of China s parents. Chinese authorities have announced restrictions on the country s vast tutoring sector, effectively wiping out the business models of many companies Photo: AFP / NOEL CELIS
Rules to require listed Chinese companies to disclose interference
30 Jul 2021, 16:11 GMT+10
WASHINGTON, D.C.: Changes in reporting procedures will now require Chinese companies listed on U.S. stock exchanges to disclose the risks posed by the Chinese government interfering in their businesses.
This follows Chinese regulators beginning a probe of ride-hailing giant Didi Global last week. The Chinese announcement came days after its $4.4 billion New York listing, causing it to lose 25 percent of its share price.
Recently, Chinese authorities have tightened regulations on other U.S.-listed Chinese companies.
Additionally, China has announced that tutoring firms must become non-profits, including New York-listed TAL Education Group (TAL.N) and Gaotu Techedu Inc (GOTU.N).
As Armani Speculation Swirls, What s Next for Italy s Dealmaking Surge? | BoF Professional, News & Analysis
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