ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

China education stocks plunge as analysts slash forecasts

Companies pledge to 'follow spirit' of rules that wreck their business models

SHANGHAI -- Shares of Chinese private education companies plunged further on Monday, as investors digested curbs on their operations announced by Beijing over the weekend.

Education stocks led the Hong Kong Stock Exchange in declines, with New Oriental Education & Technology Group sinking 47%, Scholar Education Group dropping 45.5%, China Beststudy Education Group down 42.5% and Koolearn Technology Holding tumbling 33.4%.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more