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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. ....
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