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Capital zeroes in on China's education market
By Peng Wenyan (chinadaily.com.cn)
Updated: 2004-05-21 16:20
Sources from the Second Education Summit of the 7th High-tech Expo indicated that although China's education market will not be all-roundly opened until 2005, a vast amount of capital has been swarming onto the market ahead of schedule.
The New world Group -- one of the top four consortiums in Hong Kong -- is ready to cooperate with the Beijing Century Education Group, a famous domestic education service corporation established in 1999 with over 10 branches across the country, in hopes of tapping into the huge potential that the domestic professional education market has to offer.
In addition, Beida Jadebird Group has held 70 percent of the stock shares of the China Advanced Study and Research University established by the China Emeritus Professors Association 10 years ago. However, this is not the first time that domestic private capital has entered the education market.
At the China Educational Investment and Development Forum held on May 20, over 30 investment and financing institutions brought more than 100 educational projects, one-half of which were foreign-capital agencies from the United Kingdom, Canada, South Korea and Singapore. Insiders pointed out that such international top education corporations as the US' Apollo Group and Professional Education Group will most likely exert considerable influence on China's education industry upon the opening up of its education market in an all-round fashion.
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