Investment in China ’s education market took a tumble in Hong Kong following the announcement by Beijing that regulatory oversight is to be increased . 7:50pm, 13 Aug, 2018 Updated: 11:09pm, 13 Aug, 2018 The announcement follows a string of allegations that have unsettled the sector in recent months , with market leader TAL Education accused of irregular financial reporting , and a report by China ’s Ministry of Education that found widespread non - compliance with the required certification and business licences . The Ministry of Justice is now seeking public consultation on measures that aim to clarify the distinction between profit - making and non - profit schools .
Investment in China ’s education market took a tumble in Hong Kong following the announcement by Beijing that regulatory oversight is to be increased . The announcement follows a string of allegations that have unsettled the sector in recent months , with market leader TAL Education accused of irregular financial reporting , and a report by China ’s Ministry of Education that found widespread non - compliance with the required certification and business licences . The Ministry of Justice is now seeking public consultation on measures that aim to clarify the distinction between profit - making and non - profit schools .