Chinese Stocks of Children's Education Rise, with Xinmei Pharmaceutical Up 8%, Hele Steel Piano Up 7%! The Government to Phase Out Pre-School Fees for Public Kindergartens Starting from 2025 Autumn Semester

A Chinese stock market report on August 6th. As of the half-day closing, children's education stocks rose across the board, with Xinmei Pharmaceutical (603367) up over 8%, Hele Steel Piano (300329) up over 7%, and other stocks such as Jia Crystal Technology, Chuan Yuan Co., Ltd., and Beinmei Co., Ltd. (002570) up over 4%. The graph shows the daily change in stock prices.

On the policy front, on August 5th, the Chinese government released the "Opinions on Gradually Implementing Free Pre-School Education", which will exempt public kindergartens from charging pre-school fees for children starting from the 2025 autumn semester. Additionally, the Central Office of the Communist Party of China and the General Office of the State Council published the "Implementation Plan for the Childcare Subsidy System" on July 28th, which provides a cash subsidy to all families with children under three years old nationwide. The plan specifies the objects and standards for childcare subsidies, which will be implemented starting from January 1st, 2025.