Event: the new vocational education law was passed by vote and will come into force on May 1, 2022. On April 20, 2022, the 34th meeting of the Standing Committee of the 13th National People’s Congress voted to adopt the newly revised Vocational Education Law of the people’s Republic of China. The new vocational education law has eight chapters and sixty-nine articles, which aims to “promote the high-quality development of vocational education, improve the quality and technical skills of workers, promote employment and entrepreneurship, build a powerful country in education, human resources and skilled society, and promote the construction of socialist modernization”. It will come into force on May 1, 2022.
Clarify China’s vocational education system and emphasize the equal importance of vocational education and general education. The new vocational education law specifies that China’s vocational education system includes vocational school education and vocational training. Among them, vocational school education is divided into secondary and higher vocational school education. Vocational training includes pre employment training, on-the-job training, reemployment training and other vocational training. In addition, the new vocational education law emphasizes that “vocational education is an education type with the same important status as general education” and promotes the “mutual integration of vocational education and general education”, aiming to improve the social recognition of vocational education and promote the high-quality development of vocational education.
Establish an examination and enrollment system in line with the characteristics of vocational education, and establish a unified enrollment platform for vocational education. The new vocational education law stipulates that “higher vocational schools can recruit students by means of assessment combining cultural quality and vocational skills in accordance with relevant national regulations”, It also requires “the education administrative department of the people’s government at or above the provincial level, together with the relevant departments of the people’s government at the same level, to establish a unified enrollment platform for vocational education, summarize and publish the information of schools implementing vocational education and their specialty settings, enrollment and other information, and provide inquiry, registration and other services.” The new vocational education law defines the enrollment path and provides clear access for students in the vocational education system.
Support enterprises to deeply participate in and hold vocational education, and deepen school enterprise cooperation. The new vocational education law clearly stipulates that “the State encourages the development of vocational education at various levels and forms, promotes diversified school running, supports the extensive and equal participation of social forces in Vocational Education“, “promotes enterprises to deeply participate in vocational education and encourages enterprises to hold high-quality vocational education”, and makes it clear that enterprises can use capital, technology, knowledge, facilities, equipment, site and management to hold or jointly hold vocational schools Vocational training institutions. The new vocational education law continues to support and encourage enterprises to participate in vocational education, which helps to cultivate high-quality technical and skilled talents close to industrial development.
Investment advice. The new vocational education law lays a solid legal foundation for building a modern vocational education system with Chinese characteristics, continues the state’s encouraging attitude towards vocational education since 2019, and further benefits the academic vocational education and vocational skill training. The core recommends the leading targets of private higher education and vocational education segments. The core recommends China Oriental Education, China Education holding, hope education, Jiangsu Chuanzhiboke Education Technology Co.Ltd(003032) , and pays attention to Yuhua education, Gaoxin education group, Neusoft education, China Science and technology training and Zhonghui group.
Risk tip: the implementation regulations of the people’s promotion law and the opinions on promoting the high-quality development of modern vocational education have not yet been implemented; The strength of the policy exceeded expectations.
