HK education firms bounce on no adverse impact from China rules

Wisdom Education International Holdings

14/08/2018 08:17

** Shares in Hong Kong's education firms rebound on Tuesday
from the previous day's slide, after the firms say there will be
no material adverse impact on their business from China's
revised private education regulations
    ** Best performer Wisdom Education International Holdings Co
Ltd  6068.HK  surges 14.6 pct and stock is set for best day
since March 2017
    ** China New Higher Education Group Ltd  2001.HK  climbs
10.6 pct and stock is set for best day since June 12
    ** China Yuhua Education Corp Ltd  6169.HK  jumps 9.7 pct
and China Maple Leaf Educational Systems Ltd  1317.HK  rises 5
pct
    ** China's Ministry of Justice released the revised private
education regulations late on Friday, including incremental
government support for private schools, standardisation of
setting up and operating private schools, and protecting rights
of school organisers etc (https://bit.ly/2P53OPp)(https://bit.ly/2MFUIqD)
    ** Hong Kong benchmark index  .HSI  falls 0.75 pct
  

 ((Reuters Messaging:
tingting.liu.thomsonreuters.com@reuters.net))