China to crack down on after-school tutoring, Caixin says, citing gov't document

China will crack down on after-school tutoring, Chinese magazine Caixin reported, citing a government document. In addition, after-School tutoring in China will be banned during weekends, holidays, and school vacations, the article said.

China will crack down on after-school tutoring, Chinese magazine Caixin reported, citing a government document. All Chinese institutions offering tutoring on school curriculums must be registered as non-profit organizations, according to Caixin, which said it verified the document from education bureau officials in Beijing and several other cities.

Such Chinese institutions are banned from public listing, while foreign capital is banned from buying stakes in them via mergers & acquisitions, or variable interest entity (VIEs) arrangements, Caixin said in an article on its website. In addition, after-School tutoring in China will be banned during weekends, holidays, and school vacations, the article said.