HK Stock Market Move | CHINA EAST EDU (00667) rises nearly 7% against the market trend, with policy support for vocational education development. The company is the largest vocational skills education supplier in China.

CHINA EAST EDU (00667) rose nearly 7% against the market trend, with a gain of 4.23% to HK$2.96 as of the press time, with a trading volume of HK$23.7297 million. On the news front, the Communist Party of China Central Committee and the State Council issued the "Outline of the Plan for Building a Strong Education Country (2024-2035)" on January 19, which aims to enhance the key teaching abilities of vocational schools, optimize the implementation of high-level vocational colleges and professional construction plans, and construct a number of high-level undergraduate vocational schools with distinct characteristics. In addition, the Ministry of Education's official website announced the revised vocational education professional teaching standards on February 11. Zheshang previously pointed out that as China's largest vocational skills education provider, CHINA EAST EDU has outstanding advantages in vocational skills training and employment competitiveness. Its strong brand advantages include New Oriental Cooking, Wantong Computers, and Xinhua Automobiles. With the advancement of the regional central strategy, the level of education is expected to further improve, which is beneficial for attracting new students, extending the length of study, and achieving economies of scale.