Economy
Investing in China: Why didn't anyone foresee the regulatory clampdown on the tutoring industry?
Since China's regulatory clampdowns in the after-school tutoring sector, Chinese education sector stocks have dropped and analysts have been left wondering how they were caught on the back foot. SMU academic Liang Hao and postgraduate student Wang Jialun discuss the predictive limitations of ESG (Environmental, Social and Governance) ratings and what the cycle of anxiety that pervades the tutoring industry means for investors.
Liang Hao, Wang Jialun
27 Dec 2021