The policy also prohibits those businesses from offering classes on weekends, holidays, summer and winter breaks effectively allowing tutoring only on weekdays with a limited number of hours.
The scale of the crackdown is far beyond expectations, said Alan Wang, an analyst covering education at Beijing-based asset manager Harvest Fund Management.
The industry was preparing for some regulations, but it didn t expect an order for restructuring that included a ban on public listings, making the sector basically not investable, he said in Mandarin, according to a CNBC translation.
Some parents will still pay up for tutoring courses they can find, sending costs higher, he added.
他们的岁月，就像他们的爱情故事-滚动新闻-中工网
workercn.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from workercn.cn Daily Mail and Mail on Sunday newspapers.
游戏防沉迷，其实是个结构性问题
huxiu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from huxiu.com Daily Mail and Mail on Sunday newspapers.
长沙 家门口 的优质教育，让爱不再缺席 ——凤凰网房产长沙
ifeng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ifeng.com Daily Mail and Mail on Sunday newspapers.