Hong Kong's education firms rally on policy optimism

Wisdom Education International Holdings

22/10/2018 09:00

** Shares in Hong Kong's education firms rally as investors
expect the sector to benefit from China's tax deduction policies
    ** Best performer, Wisdom Education International Holdings
Co Ltd  6068.HK , surges 17.2 pct and stock is set for best day
since January 2017
    ** China New Higher Education Group Ltd  2001.HK  climbs
15.2 pct and stock is set for best day since April 2017
    ** China Maple Leaf Educational Systems Ltd  1317.HK  and
Minsheng Education Group Co Ltd  1569.HK  rise 10-11 pct
    ** China published on Saturday a draft version of new rules
for tax deductions available to individuals as part of a major
overhaul of the country's individual income tax law, including a
proposal regarding deductions of up to 12,000 yuan ($1,730) per
year for a child's education  urn:newsml:reuters.com:*:nL3N1X0032
    ** Hong Kong benchmark index  .HSI  edges up 2.35 pct
    ($1 = 6.9345 Chinese yuan)

 ((Reuters Messaging:
tingting.liu.thomsonreuters.com@reuters.net))