HK-listed China Education jumps, says will benefit from country's policy

XJ International Holdings

18/10/2021 05:41

** Shares of China Education Group Holdings Ltd  0839.HK 
surge as much as 16.4% to HK$18.30, the highest since June 23,
and on course for third consecutive session of gains
    ** Stock is eighth biggest pct gainer on Hang Seng Composite
Index  .HSCI 
    ** Co says its education business in China, covering higher
level vocational education and secondary level vocational
education, will benefit from country's policy of promoting
high-quality development of modern vocational education (https://bit.ly/3DN3bSY)
    ** Says policy has set goal that China's vocational
education should be ranked among best globally by 2035 and its
business is conducive to regulatory guidance of policy
    ** Smaller rival China Yuhua Education  6169.HK  jumps 17.9%
and Hope Education  1765.HK  rises 16.1%
    ** Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
slips 0.1% and Hang Seng Composite Index  .HSCI  eases 0.2%
    ** Hang Seng China Enterprises Index  .HSCE  declines 0.8%,
and benchmark index  .HSI  is down 0.3%
    ** As of last close, China Education had gained 5.2% YTD

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))