A series of Hong Kong listings of mainland Chinese education companies has given foreign investors access to one of the country’s fastest-growing and most tightly restricted consumer sectors.
Last month’s $153m initial public offering of vocational school provider Xinhua Education was the latest of around 10 education listings over the past year, which were some of the Hong Kong bourse’s best-performing IPOs over the period.
Driven by income growth, rising spending on private schools in the country is set to persist, with annual growth of 9 per cent over the next two years outpacing the wider economy, according to LEK Consulting.
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