A teacher instructs as students practise electronic assembly at Nanchuan Longhua Vocational High School of Chongqing in southwest China's Chongqing File Photo: Xinhua

The shares of Chinese education stocks soared more than 5 percent on average at Wednesday's midday closing, as the State Council released a government circular to promote vocational education.

The stocks of Chinese training institutions saw positive growth momentum on Wednesday, among which the shares of Kaiyuan Education Technology Group and Chuanzhiboke Education Technology Company rose to their daily limit while the shares of Offcn Education Technology Company and other two training firms rose more than 6 percent.

Recently, the State Council released a circular aiming to promote high-quality development of modern vocational education in the country. The announcement encourages listed companies and leading educational enterprises to participate in holding vocational education.

Since July, the Chinese government has rolled out a so-called "double reduction" policy, in order to ease burdens and anxiety for students, including suspending off-campus curriculum subject tutoring courses for students during national holidays, causing a slump across educational shares.

Starting earlier this year, the educational training industry has been attempting to expand service offerings to adults in vocational education, in order to survive and develop, as their previous lucrative business to provide tutoring to K12 students was disallowed by the government. 

Global Times