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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.

United statesClaudia wangHuohua siweiGaotu techeduJalan wangChen xiangdongOliver wymanLuna chengEducation technology groupHarvest fund managementHarvest fundBeijing normal universityCitic securitiesTechnology groupNew orientalஒன்றுபட்டது மாநிலங்களில்