《大行報告》中金:義務教育規範管理文件審議通過 重申對行業繼續營利持審慎態度
中金發表的報告指,義務教育規範化管理實施意見即將落地,而會議指出,規範民辦義務教育發展,旨在「加強分類指導,強化民辦義務教育規範管理,營造良好教育生態」。該行預計,正式文件有望於近期出台。
中金指出,民促法實施條例尚待出台,而民促法最初於2002年頒布。在舊法框架下,民辦教育被定義為公益性事業,出資人可選擇注冊為要求或不要求合理回報的民辦學校。該行認為,實施意見與近日教育部發布的《關於進一步加強和規範教育收費管理的意見》均與民促法修法基調一致,故預計民促法實施條例或出台在即。
該行重申對義務教育繼續營利的審慎態度,認為實施意見體現了國家確保義務教育公益屬性的明確態度。在民促法修法下,義務階段學校僅可設立為非營利性學校,因此或在外延擴張及持續獲得收益方面遇到挑戰。因此,民促法實施條例的加速落地或使得VIE架構下的義務教育階段上市公司面臨更為緊迫的挑戰。對高等教育板塊而言,由於高等教育可選擇為營利性學校,併購發展並不會受限,因此整體影響不大。對培訓機構而言,旨在加強事中事後監管,推進行業自律,營利層面並不受影響。(el/k) ~
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