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New policies on education and training
The new education and training policies are as follows:

National support policies for training institutions:

1. Establish a classified management system. Non-profit and profit-making classified management shall be implemented for private schools (including other private educational institutions). The organizers independently choose to set up non-profit private schools or for-profit private schools, and register according to the law and regulations.

2. Establish a differentiated policy system. The state actively encourages and strongly supports social forces to set up non-profit private schools. People's governments at all levels can support for-profit private schools through government purchase of services and tax incentives according to the needs of economic and social development and public service demand.

3. Relax the access conditions for running schools. The government shall not restrict social forces from investing in education, as long as laws and regulations do not prohibit it and do not harm the interests of third parties, social interests and national security.

4. Broaden the financing channels for running schools. Encourage and attract social funds to enter the field of education to hold schools or investment projects. Encourage financial institutions to develop financial products suitable for the characteristics of private schools under the premise of controllable risks, explore the future operating income and intellectual property pledge loan business of private schools, and provide diversified financial services such as bank loans, trusts and financial leasing. Encourage social forces to donate to non-profit private schools.

Legal basis:

People's Republic of China (PRC) Private Education Promotion Law

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This Law shall apply to social organizations or individuals other than state institutions that use non-state financial funds to organize activities of schools and other educational institutions facing the society. Where there is no provision in this law, it shall be implemented in accordance with the provisions of the Education Law and other relevant education laws.

Article 3 Private education is a public welfare undertaking and an integral part of socialist education.

The state implements the policy of active encouragement, strong support, correct guidance and management according to law for private education.

People's governments at all levels should incorporate private education into the national economic and social development plan.