A few days ago, Giant Education, an old training institution established in 1994, closed down, which also brought huge debts that were difficult to repay. The reporter of Securities Times E Company visited the registration hall of Giant Education's headquarters in Haidian District, Beijing, and saw many parents who went to the scene to defend their rights and sign up for a refund. There are also many policemen and security guards in the hall to keep order.

Affected by the policy, discipline education and training institutions have not had a good time recently. Institutions with superior conditions are busy with transformation and adjustment services, and funds are tight to directly announce the suspension of classes. Giant education is not a case, and institutions such as Wall Street English and Green Light Children's Education have also declared bankruptcy. According to the data of Tianyancha, about 1.4 million education and training companies have been cancelled this year.

Most of the institutions that announced their withdrawal could not adapt to the changes in the external environment, which led to the break of the capital chain. The reason is the proliferation of prepaid mode in education and training industry and the early use of funds by enterprises. People in the industry call for strengthening the supervision of the prepaid mode of the teaching and training industry and introducing and implementing effective industry norms as soon as possible.

Giant Education, which started on July1994 18, is a large-scale comprehensive education group developed from a training institution, covering education and training, full-time education, publishing and joining.

Its training covers the fields of infant, adolescent and adult education. The group structure is perfect and the departments are set up scientifically. Courses offered cover English, primary and secondary schools, sports arts, computers, vocational certification, family education and other fields, with more than 100 subjects.

On 20021August 3 1 day, Giant Education announced that due to operational difficulties, Giant School would not be able to provide teaching services to students in autumn. Moreover, Giant Group has been unable to complete the refund of all student fees, and students can continue to attend classes in institutions such as Gaosi Education during the remaining class hours.

Reference to the above content: china securities journal-Giant Education bankrupt parents' on-site rights protection prepayment model is rampant, which has hidden dangers.