Citic Securities: the favorable policy of vocational education strongly supports the development of industry-education integration.

Xinhua News Agency, June 15, CITIC Securities Research newspaper pointed out that the "implementation Plan for the Enhancement Action of Industry-Education Integration in Vocational Education (2023-2025)" focuses on the field of industry-education integration, giving fuller support to schools and enterprises, and is expected to accelerate the development of the industry. In terms of investment strategy, it is suggested to grasp the layout around several main lines: 1) Endogenous development is steady, industry-education integration policy is expected to bring potential performance increment, and enhance industry confidence, the current valuation is low, the Hong Kong stock higher education sector with high dividend yield; 2) companies with excellent main business management and the ability of industry-education integration, which are expected to accelerate the expansion of industry-education integration business in the future 3) Educational information companies that are expected to benefit from the development of industry-education integration.