The vocational education reform plan introduced 600 billion

On February 13, the State Council issued the "National Vocational Education Reform Implementation Plan", stating that it is necessary to build a diversified school-running pattern, encourage qualified enterprises, especially large enterprises, to organize high-quality vocational education, and at the same time support the development of shareholding system, mixed ownership, etc. Vocational colleges and various vocational training institutions.

Securities Times·e reporter learned that many organizations and industry believe that in recent years, the state has continued to exert a series of policies to accelerate the improvement of the modern vocational education system and drive the development of the industry. The expected scale of vocational education will continue. Growth, the industry "money" scene is tempting.

Building 300 Model Groups

In detail, the above-mentioned "Program" includes 7 major points and 20 specific measures.

The "Proposal" proposes that after about 5-10 years, the vocational education will be basically completed by the government to the overall management of the government and the social diversification of school, from the pursuit of scale expansion to the improvement of quality, by With reference to the general education school-running model, it will transform into a type of education in which corporate social participation and professional characteristics are distinct. Greatly improve the modernization level of the new generation of vocational education.

and proposed that by 2022, the teaching conditions of vocational colleges will be basically up to standard, and a large number of ordinary undergraduate colleges and universities will change to the application type, and build 50 high-level higher vocational schools and 150 backbone majors (groups). We will establish a Chinese vocational education standard system covering most of the industry and with international advanced level.

It is necessary to give play to the role of the main body of the enterprise, and encourage qualified enterprises, especially large enterprises, to organize high-quality vocational education. The people's governments at all levels can provide appropriate support according to regulations. At the same time, it is necessary to improve the system of part-time and part-time pay for business management and technical personnel with school leaders and key teachers.

It is worth noting that the “Specifications” also specifically mentioned that 300 demonstration vocational education groups (alliance) were initially established in 2020 to promote the participation of SMEs. Support and standardize social forces to establish vocational education and training, and encourage the development of joint-stock institutions, mixed ownership and other vocational colleges and various vocational training institutions. Establish an open and transparent system for the admission and approval of private vocational education, explore the negative list system for private vocational education, and establish a sound exit mechanism.

The scale will exceed 600 billion yuan next year

Vocational education is divided into non-degree vocational education andAcademic education.

In fact, whether it is to participate in IT training or financial training, or "charge" in English training in your spare time, has become a part of people's daily life. In the postgraduate education, it is a choice of many people in the workplace. Especially in the context of the current industrial upgrading, there is a huge market for vocational education.

People familiar with the education industry told the Securities Times·e reporter that the current demand for the aging of the labor force and the shortage of reserve power in China is urgent. The development of vocational education is based on the background of China's industrial upgrading. . It can be said that to make the development of the industry, it is imperative to vigorously develop vocational education.

In fact, China has been promoting the construction of vocational education. In particular, in recent years, various policies have been introduced to encourage the development of vocational education, and the goal has been continuously refined.

As early as 2014, the relevant departments had proposed to build a modern vocational education system with Chinese characteristics and world level in 2020. In 2017, the state issued the "Several Opinions on Deepening the Combination of Industry and Finance", planning to promote the reform of the integration of production and education talents; in 2018, it also proposed to encourage school-enterprise cooperation, in the hope of absorbing more social forces, to occupation Education development promotes the development of industry.

Guolian Securities (Hong Kong stocks 01456) had calculated in the research report that by 2020, the scale of the vocational education market will increase from 453.5 billion yuan in 2015 to more than 600 billion yuan in 2020. Among them, the market size of academic education will reach 197.6 billion yuan next year, and the market size of non-academic education will exceed 400 billion yuan next year.

Active layout of vocational training

Due to the public welfare characteristics of education itself and some regulations on A-share listing, unlike other industries that are capitalized, China's education industry is operating in capital. It has been relatively slow.

In recent years, with the support of the People's Promotion Law and related policies, the segment of the education sector has a tendency to accelerate capital operations. Some companies have landed A-shares or US stocks through restructuring, acquisitions, and backdoors. Hong Kong stocks.

The more obvious feature is that vocational education has become the key track for the listing of listed companies, and even some outstanding private vocational colleges have set off a climax.

For example, through the acquisition of Sichuan City Vocational College, the vocational education became the company's second main business, Hong Tao shares (002,325), through the acquisition of Yingteng Education, the layout of the medical education industry, China High-Tech (600730, diagnostic stock) Wait. Recently, Yaxia Automobile (002607, Diagnostics), which entered the education field by acquiring the first leading Chinese vocational training, has become the focus of the market.

Securities Times·e reporter also noted that there are more than 20 companies in the A-share Wind vocational education concept sector. Guohai Securities (000,750) believes that in the current A-share vocational education, the more typical listed companies still use vocational training as the mainstream, while the companies listed on the Hong Kong stock market tend to have vocational education and are more inclined to higher vocational and technical education.

According to institutional analysis, since 2018, China's education supply side reform has steadily advanced, and in areas such as early childhood education, supervision has been relatively tightened, and standardized management has been strengthened. However, from the overall policy orientation, the policy of adult education and education informatization construction is more certain. At present, the non-degree vocational education market is in a stage of rapid growth, and the overall development is at the forefront. The vocational education industry has more segmentation tracks and lower market concentration, which means that some powerful industry leaders will have the most opportunities. Win.

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