Sniper

The Report is produced in Chinese only.

昔日報告:
  29-04-2024 (星期一) “以舊換新”靴子落地,車市或迎小陽春
  02-04-2024 (星期二) 品牌服飾與鞋類正進入補貨週期
  11-03-2024 (星期一) 新一輪以舊換新政策或提振市場情緒
  27-11-2023 (星期一) 試點開始,智能網聯汽車關注度提升
  06-11-2023 (星期一) 2023 年第三季全球 PC 出貨量再次下降
[第1頁 / 共66頁]

教育行業新政策重點影響義務教育,對高等教育影響不大

國家主席習近平於9月1日中午主持中央全面深化改革委員會第十五次會議,會議中通過了《關於新時代振興中西部高等教育的若干意見》和《關於規範民辦義務教育發展的實施意見》兩份與中國教育行業相關的政策文件。其中《關於規範民辦義務教育發展的實施意見》主要內容與2018年教育局發佈的《民促法實施條例(修訂草案)(送審稿)》一致,再次重申義務教育(小學及初中)的公益屬性。

另一方面,教育部等五部門8月底印發《關於進一步加強和規範教育收費管理的意見》當中的“非營利性民辦學校收費的具體辦法,由省級人民政府制定;營利性民辦學校的收費標準,實行市場調節,由學校自主決定。”亦與送審稿一致。

綜上,以上新公佈的教育文件僅對義務教育學校有影響。《關於規範民辦義務教育發展的實施意見》再次強調義務教育僅可以非營利性舉辦,對義務教育學院未來增長有著負面影響。此外,規範民辦義務教育發展或將增加民辦義務學院的辦學投入,拉長投資回報週期。但我們認為對於高等教育而言,以上新公佈的教育文件內容與送審稿如出一撤。由於高等教育學校可選擇以營利性舉辦,未來的學費提價及併購外延將不會受限於政策,因此以上新公佈的教育文件對高等教育學校影響不大。

我們仍然推薦中國科培(1890.HK)。中國科培旗下學院未來均將選擇以營利性舉辦,其次,公司旗下學院位於的廣東省及黑龍江省均為高等教育可自主定價的省份。

撰稿: 趙明志研究分析員
電話:
+852 2277 1514

電郵地址:
kevinchiu@phillip.com.hk
This report is produced and is being distributed in Hong Kong by Phillip Securities Group with the Securities and Futures Commission (“SFC”) licence under Phillip Securities (HK) LTD and/ or Phillip Commodities (HK) LTD (“Phillip”). Information contained herein is based on sources that Phillip believed to be accurate. Phillip does not bear responsibility for any loss occasioned by reliance placed upon the contents hereof. The information is for informative purposes only and is not intended to or create/induce the creation of any binding legal relations. The information provided do not constitute investment advice, solicitation, purchase or sell any investment product(s). Investments are subject to investment risks including possible loss of the principal amount invested. You should refer to your Financial Advisor for investment advice based on your investment experience, financial situation, any of your particular needs and risk preference. For details of different product's risks, please visit the Risk Disclosures Statement on http://www.phillip.com.hk. Phillip (or employees) may have positions/ interests in relevant investment products. Phillip (or one of its affiliates) may from time to time provide services for, or solicit services or other business from, any company mentioned in this report. The above information is owned by Phillip and protected by copyright and intellectual property Laws. It may not be reproduced, distributed or published for any purpose without prior written consent from Phillip.
Top of Page
Contact Us
Please contact your account executive or call us now.
Research Department
Tel : (852) 2277 6846
Fax : (852) 2277 6565
Email : businessenquiry@phillip.com.hk

Enquiry & Support
Branches
The Complaint Procedures
About Us
Phillip Securities Group
Join Us
Phillip Network
Phillip Post
Phillip Channel
Latest Promotion
E-Check
Login
Investor Notes
Free Subscribe
Contact Us