Sinolink: Acceleration in the selection of private education programs, attention to the subsequent approval of subject-specific licenses.

Sinolink released a research report stating that this draft for soliciting opinions further refines the approval process for various types of licenses for off-campus training institutions, paying attention to the subsequent issuance of subject-related licenses. If the issuance goes smoothly, it will benefit the expansion of the top players in the education and training industry and have a demonstrative effect nationwide. In addition, attention is also on the progress of private universities choosing for-profit or non-profit status after the implementation of this law. If the process of choosing for-profit or non-profit status for private universities gradually advances, it will catalyze the valuation of the higher education sector. Event: On November 6, the Beijing Municipal Education Commission and the Beijing Municipal Human Resources and Social Security Bureau released the "Beijing Implementation Measures of the People's Republic of China Law on the Promotion of Non-Governmental Education (Revised Draft for Soliciting Opinions)". Sinolink's main points are as follows: Background of the revision: In 2016, the National People's Congress revised the "Law on the Promotion of Non-Governmental Education", which proposed the classification management and differentiated support for private schools. In 2021, the State Council revised the "Implementation Regulations of the Law on the Promotion of Non-Governmental Education", and in the same year, the "Double Reduction" policy was issued. Faced with the current new situation and requirements, the relevant content of the "Implementation Regulations" can no longer fully meet the current management practices. It is necessary to improve the system measures for high-quality development, implement classification management and differentiated support, etc. This draft for soliciting opinions mainly targets private educational qualifications and off-campus training institutions. For off-campus training institutions, attention is on the subsequent issuance of subject-related licenses. As of November 6, there were no non-profit subject-related licenses for compulsory education or high school stages in Beijing. All for-profit licenses were non-subject-related, with 980 at the compulsory education stage and 435 at the high school stage. This revision clarifies the approval methods for various types of off-campus training institutions in Beijing, refines the corresponding approval agencies for subject-related and non-subject-related institution licenses, and the issuance of off-campus training licenses in Beijing may have a demonstrative effect nationwide. Attention is on the subsequent issuance of subject-related licenses. For private educational qualifications, the process of choosing for-profit or non-profit status is expected to accelerate. This draft for soliciting opinions revises the blocking points encountered in the practical operation of choosing for-profit or non-profit status in higher education based on financial support, taxation, land, regulatory methods, etc., further refining the guiding policies of classification management and differentiated support in the previous "Law on Promotion of Non-Governmental Education". The process of private universities choosing for-profit or non-profit status is expected to accelerate. Risk warning: risks of lower-than-expected enrollment and policy changes.