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SHANGHAI (Reuters): China's regulatory crackdown has ensnared sectors from technology to education to property, wiping hundreds of billions off the market capitalisations of some of its largest companies and putting investors on alert over who may be next.
SHANGHAI (Reuters):China on Wednesday (Sept 8) banned private tutors from giving classes online or in unregistered venues such as residential buildings, hotels and coffee shops, ramping up its effort to stamp out all for-profit tutoring.
SOVEREIGN wealth funds (SWFs) remain keen on China, despite regulatory crackdowns, planning standalone investment strategies and piling into venture capital and real estate, according to data and analysts.
BEIJING (Bloomberg): China’s latest campaign to rein in its US$100 billion out-of-school education sector was meant to level the playing field for all. Instead, the crackdown is forcing tutors under the radar, making their services even more expensive -- and exclusive.
TikTok-owner ByteDance Ltd has laid off hundreds of employees as the social giant shuts down a significant part of its online education businesses to comply with Beijing’s new regulatory regime for the after-school tutoring industry.
Education technology firms are scrambling to restructure and adjust to new regulation for the industry in China, after the government launched a sweeping crackdown.
SHANGHAI: Chinese A-shares and Hong Kong's benchmark index extended heavy losses to hit multi-month closing lows on Tuesday, as investors worried over the impact of tighter government regulations, while a surge in COVID-19 cases dealt a further blow to sentiment.
SHANGHAI: Chinese shares fell sharply to their lowest levels this year on Monday as investor worries over the impact of government regulations kneecapped the education and property sectors, after Beijing barred for-profit tutoring in core school subjects.
HONG KONG (AFP): Markets in Asia mostly fell Monday (July 26) morning, led by Hong Kong after Beijing at the weekend further cracked down on China's tech firms, while education firms were hammered as the government unveiled sweeping reforms of the sector.
Harsher curbs imposed by China on private tutoring and online education has shaken investors confidence in the sector worth RM422.35bil.