1) New off-campus training institutions for students in compulsory education are no longer approved in all localities, and existing institutions are uniformly registered as non-profit institutions.
2) discipline training institutions are not allowed to go public for financing, listed companies are not allowed to invest in discipline training institutions through stock market financing, and the assets of discipline training institutions are not allowed to be purchased by issuing shares or paying cash.
3) Off-campus training institutions shall not occupy national statutory holidays, rest days and organize discipline training in winter and summer vacations.
4) Ensure that online platforms such as mainstream media do not publish or broadcast off-campus training advertisements. Seriously investigate and deal with all kinds of illegal and illegal advertising behaviors of off-campus training that exaggerate the training effect, mislead the public education concept and create parents' anxiety according to the law and regulations. The idea of "double drop" will be piloted in key provinces and cities across the country. The pilot contents include resolutely reducing off-campus training, rationally using resources inside and outside the school to encourage after-school services, and strengthening the supervision of training fees.
The "double reduction" document comprehensively regulates the subject training in the compulsory education stage, which is expected to have a profound impact on the subject teaching and training of K 12. In principle, restricting the establishment of new discipline teaching and training institutions and requiring existing discipline training institutions to become non-profit will greatly affect the discipline teaching and training of K 12, and the industry logic of K 12 extracurricular teaching and training will undergo profound changes:
Since the adoption of "Opinions on Further Reducing Students' Homework Burden and Off-campus Training Burden in Compulsory Education Stage" in late May, various localities have successively issued notices and plans to implement the "double reduction" policy. With the official issuance of the opinion of "double reduction", the supervision has comprehensively standardized the off-campus training in the compulsory education stage from multiple dimensions. This document has a greater impact on the industry than the previous rectification, with a broader and far-reaching impact. Among them, it is required to turn the existing discipline training institutions into non-profit and non-listed, which will greatly affect the discipline teaching and training of K 12, and the industry logic of K 12 extracurricular teaching and training will undergo profound changes.
The opinion of "double reduction" mainly focuses on the training of K 12, and the training institutions of quality and adult occupation are less affected. Institutions whose main business is K 12 teaching and training may face transformation in the future. This "double reduction" opinion mainly focuses on the discipline training in K 12 stage, while the quality training institutions and adult vocational training institutions are less affected, such as postgraduate entrance examination, chef training, art and physical education and other training institutions can still carry out their business normally. We expect that institutions such as New Oriental whose main business is K 12 will face certain risks and may transform in the future.