In the News: Private Education Crackdown; Internet Industry Campaign; and UBS Family Trust

July 26, 2021 | BY

Vincent Chow

State Council unveils strict rules barring for-profit tutoring companies; MIIT launches six-month campaign targeting internet industry bad practices; and UBS launches family trust services for wealthy clients

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UBS Signage

China to overhaul private education industry, restrictions on foreign investment

China is cracking down on the country's private education sector with a ban on for-profit tutoring companies and restrictions on foreign investment. On July 24, the General Office of the