US Stock Price Fluctuated | Chinese concept education stocks continue to rise. Gaotu (GOTU.US) surged nearly 6%.
Chinese concept education stocks continue to rise, as of the time of publication, Gaotu has risen nearly 6%.
On Thursday, Chinese education stocks continued to rise. As of the time of writing, Gaotu (GOTU.US) rose nearly 6%, New Oriental (EDU.US) rose over 3%, and TAL Education (TAL.US) rose over 1.8%. On the news front, the Ministry of Education recently issued the "Regulations on the Management of Off-campus Training (Draft for Comments)", further regulating off-campus training following the "double reduction" policy. Tianfeng believes that the "Draft for Comments" clarifies off-campus training as a beneficial supplement to school education with positive implications. The firm stated that in the past two years, top institutions have accelerated their transformation beyond traditional subjects and gradually opened new branches, indicating positive industry signals. As the "double reduction" policy enters its third year, there is a need to evaluate its effectiveness and push for standardized governance and legality in off-campus training. This draft clearly defines off-campus training as a beneficial supplement to school education, acknowledging parents' reasonable training demands.
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