Published: 7:50pm, 13 Aug, 2018 Updated: 11:09pm, 13 Aug, 2018
Shares in China’s education market took a tumble in Hong Kong following the announcement by Beijing that regulatory oversight is to be increased. The Shanghai Stock Exchange said it was suspending trading for shares of China Education and Research Group (CERG), which has been under investigation since last year over its alleged involvement with an illegal pyramid scheme. The Ministry of Justice is now seeking public consultation on measures that aim to clarify the distinction between profit-making and non-profit schools.