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By Syndicated Content Jul 25, 2021 | 9:06 PM HONG KONG (Reuters) -China’s private education firms are bracing for a “material” hit to their operations after Beijing announced new rules barring for-profit tutoring in core school subjects to ease financial pressures on families. News of the rule changes on Friday sent shockwaves through China’s $120 billion private tutoring sector and triggered a massive sell-off in the shares of companies including U.S.-listed TAL Education Group and Gaotu Techedu. Under the new rules, all institutions offering tutoring on the scho...

China's new private tutoring rules put billions of dollars at stake Reuters 6 hrs ago © Reuters/THOMAS PETER People pick up children from a school in Beijing HONG KONG (Reuters) -China's sweeping new rules in private tutoring has left private education firms facing a significant business impact as Beijing steps up regulatory oversight of a $120 billion industry that investors had bet billions of dollars on in recent years. Popular Searches The new rules released on Friday bars for-profit tutoring in core school subjects in an effort to boost the country's birth rate by lowering family li...