Article 19 of the new Law on the Promotion of Private Education stipulates that investors in for-profit private schools can obtain the income from running schools, and the balance of running schools shall be handled in accordance with the provisions of the Company Law and other relevant laws and administrative regulations. Investors in non-profit private schools are not allowed to obtain school income, and all the school balances are used for running schools.

As can be seen from this provision, investors in non-profit private schools do not enjoy the right to income from investment property. Although the new Law on the Promotion of Private Education clarifies the legal attributes of private schools, divides them into profit-making and non-profit, and clarifies the income right of profit-making private schools, it also deprives non-profit private schools of material rewards that can make them get reasonable returns.

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Non-profit private colleges and universities with bachelor degree or above shall be registered by the relevant departments of the provincial people's government, and non-profit private schools with junior college degree or above shall be registered by the relevant departments of the people's governments at or above the county level determined by the provincial people's government.

If an existing private school chooses to register as a non-profit school, it shall amend its articles of association according to law, continue to run the school, and perform new registration procedures; If you choose to register as a profit-making private school, you must go through the formalities of financial liquidation, property ownership confirmation and payment of relevant taxes and fees according to law, and then re-apply for a school license, re-register and continue running the school.

Baidu encyclopedia-detailed rules for the implementation of supervision and management of for-profit private schools