一组数据告诉你，免费教育有多重要！根据统计，城镇家庭养育一个孩子到18岁，平均的总成 本大约是68万元，其中3-5岁的幼儿养育成本就占了2成，这对年轻家庭来说，可是一笔不小的 开支，也让一些年轻夫妻在生孩子这件事上犹豫不决。但现在，新政直接切中这一痛点，把 钱"花在刀刃上"，孩子上大班，再也不用为近万元的保教费发愁了。 好消息，孩子读幼儿园大班，可以免学费了！ 最近，国务院办公厅印发了《关于逐步推行免费学前教育的意见》，从今年秋季学期开 始， 全国公办幼儿园学前一年的保育教育费将全面免除 ，预计每年将惠及超过1000万名 儿童，民办幼儿园也参照执行 ！ 出品丨21财经客户端 财经早察工作室 总统筹：陈晨星 执行统筹： 祝乃娟 监制：洪晓文 曾婷芳 主播：董静怡 SFC 剪辑：实习生 苏磊 设计：王冰 育儿补贴来了！真金白银为养娃减负 可退房退款！最新司法解释为烂尾楼业主"撑腰" 21君荐读 以河北省秦皇岛市为例，政策实行后，当地就读公办园和民办园的儿童每月可少交400元的保 育教育费，一年就是4000元左右，相当于给家庭直接"发红包"。同时，财政兜底机制启动，园 方少收的钱，政府按每个孩子的标准补上，既不用担 ...

Core Viewpoint - The implementation of free preschool education is expected to significantly reduce family upbringing and education costs, providing strong support for creating a family-friendly society [1][7]. Group 1: Policy Implementation - The State Council has issued an opinion on gradually promoting free preschool education, detailing the target groups, standards, and financial subsidy methods [2]. - Starting from the autumn semester of 2025, public kindergarten fees for the last year of preschool will be waived, and similar reductions will apply to approved private kindergartens [3]. - The fee standards for public kindergartens will be based on the approved charging standards by local governments, excluding meal, accommodation, and miscellaneous fees [3]. Group 2: Financial Support and Equity - The policy aims to alleviate the financial burden on families and incentivize a family-friendly society, but effective implementation requires supporting measures [4]. - The financial subsidy will be shared between central and local governments, but the current policy primarily covers public and approved private kindergartens, leaving some children in unapproved institutions without support [4]. - To achieve equitable public service, it is essential to include children from unapproved kindergartens, as their families are often more price-sensitive and in need of assistance [4]. Group 3: Cost and Subsidy Mechanisms - There are concerns that the approved fee standards for public kindergartens may be lower than actual costs, potentially leading to disparities in financial support [5]. - The method of financial subsidies, whether through direct payments to kindergartens or vouchers for families, will impact the effectiveness of the program [6][7]. - Using vouchers allows families to choose kindergartens, ensuring coverage for all eligible children and enhancing the perceived value of public services [7].

好消息，孩子读幼儿园大班，可以免学费了！ 那么，省下的钱会去哪儿？这对家庭来说可不是小数目。以一线城市为例，原本每年万元的保教费大幅 减少，家长可能会把这笔钱转向其他消费，比如给孩子报兴趣班、家庭旅游，甚至升级家电。有专家测 算，这种"消费替代效应"可能带来千亿级的消费增量！也可以成为孩子成长的一笔启动基金。 财经早察主播董静怡 最近，国务院办公厅印发了《关于逐步推行免费学前教育的意见》，从今年秋季学期开始，全国公办幼 儿园学前一年的保育教育费将全面免除，预计每年将惠及超过1000万名儿童，民办幼儿园也参照执行！ 一组数据告诉你，免费教育有多重要！根据统计，城镇家庭养育一个孩子到18岁，平均的总成本大约是 68万元，其中3-5岁的幼儿养育成本就占了2成，这对年轻家庭来说，可是一笔不小的开支，也让一些年 轻夫妻在生孩子这件事上犹豫不决。但现在，新政直接切中这一痛点，把钱"花在刀刃上"，孩子上大 班，再也不用为近万元的保教费发愁了。 以河北省秦皇岛市为例，政策实行后，当地就读公办园和民办园的儿童每月可少交400元的保育教育 费，一年就是4000元左右，相当于给家庭直接"发红包"。同时，财政兜底机制启动，园方少收的 ...

Core Insights - The report highlights the implementation of free preschool education in China starting from the autumn semester of 2025, aiming to enhance the quality of educational services [1] - The policy will exempt public kindergarten fees for the last year of preschool education and provide similar fee reductions for private kindergartens, thereby increasing enrollment rates [1][2] - The government aims to improve the gross enrollment rate in preschool education, which is currently at 92%, through financial support and dynamic regulation of kindergartens [1] Financial Implications - In 2023, preschool education accounted for approximately 6.2% of fiscal expenditures, and with the joint financial support from central and local governments, funding for preschool education is expected to increase [2] - The central government will cover 80% of costs for the first tier of kindergartens, 60% for the second tier, and 50% for the third to fifth tiers, effectively reducing the financial burden on families [1] Investment Opportunities - The report suggests that the free preschool education policy will boost education-related stocks in the short term and may improve birth rates in the long term, benefiting the education sector [4] - Recommended investment targets include K9 related companies such as Excellence Education Group (3978.HK), New Oriental (EDU.N/9901.HK), and TAL Education Group (TAL.N) [4]

Industry Investment Rating - No relevant content provided Core Views - The Chinese government promotes free pre - school education, and the US President Trump criticizes the Fed and plans tariff hikes. The central bank and other departments support new industrialization, and there are changes in iron ore inventory and futures rules [2][3] Summary by Relevant Catalogs Policy News - From the 2025 autumn semester, China will exempt public kindergarten children in the pre - school year from education fees, and private kindergartens can enjoy the same exemption level [2] - Trump criticizes Powell for late interest - rate cuts, may announce a new Fed chair soon, and plans to raise tariffs on India, drugs, and chips [2] - Seven Chinese departments including the central bank issue a guidance on financial support for new industrialization, aiming to build a mature financial system by 2027 [2] Market Data - From July 28 - August 3, 2025, the total iron ore inventory at seven major ports in Australia and Brazil was 1284.0 million tons, down 70.9 million tons from the previous week [3] Plate Performance - Key focus: urea, coking coal, polysilicon, crude oil, plastic [4] - Night - session performance: non - metallic building materials 2.85%, precious metals 28.07%, oilseeds 12.68%, non - ferrous and soft commodities 2.52% and 20.84%, coal - coking - steel - ore 14.51%, energy 3.08%, chemicals 11.50%, grains 1.21%, agricultural and sideline products 2.74% [4] Asset Performance - Equity: The Shanghai Composite Index rose 0.96%, the S&P 500 fell 0.49%, etc. [8] - Fixed - income: 10 - year treasury bond futures rose 0.05%, 5 - year rose 0.04%, 2 - year fell - 0.01% [8] - Commodities: The CRB commodity index fell - 0.11%, WTI crude oil fell - 1.66%, London spot gold rose 0.24%, etc. [8] - Others: The US dollar index rose 0.01%, the CBOE volatility index rose 0.00% [8]

Core Insights - The introduction of two significant childcare support policies in China is expected to positively impact the infant formula market, leading to structural benefits for companies in the sector [1][2][6] Policy Implementation - The childcare subsidy policy, effective from January 1, 2025, will provide families with 3,600 yuan annually for each child under three years old, significantly enhancing the purchasing power of families with infants [2][6] - The policy is projected to release approximately 54 billion to 86 billion yuan annually for childcare, with a substantial portion likely directed towards infant formula consumption [2][6] Market Reaction - Following the announcement of the policies, major infant formula companies such as Yili and Beingmate experienced notable stock price increases, indicating a positive market response [4][5] - Yili's stock rose to 27.57 yuan per share, while Beingmate saw a peak increase of 9.97% shortly after the policy announcement [4][5] Short-term Opportunities - The policies are expected to create new opportunities for sales in the infant formula sector, particularly for products targeting infants aged 0-3 years, with potential for both volume and price increases [6][10] - Companies like Yili and Feihe are likely to benefit from increased demand for their premium products, such as organic and specialized formulas [6][10] Strategic Shifts - The subsidy policies are anticipated to shift the strategic focus of infant formula companies towards deeper market penetration in lower-tier cities, where the impact of subsidies is expected to be more pronounced [10][12] - Companies are adjusting their product offerings and marketing strategies to cater to the subsidized demographic, with initiatives like Yili's "town station" plan and Mengniu's "subsidy selection" series [10][12] Competitive Landscape - The competition among infant formula companies is expected to intensify as they vie for the benefits of the subsidy policies, leading to increased investment in lower-tier markets [10][12] - Companies must also adapt to potential disparities in subsidy distribution and consumer demand fluctuations, necessitating flexible supply chain strategies [12]

Core Viewpoint - The article discusses the implementation of a new parental subsidy policy in China, which aims to alleviate the financial burden of raising children for families with infants under three years old, providing an annual cash subsidy of 3600 yuan per eligible child starting from January 1, 2025 [2][6][28]. Group 1: Policy Implementation - The "Parental Subsidy System Implementation Plan" was officially released on July 28, 2025, by the Central Committee of the Communist Party of China and the State Council [4]. - The subsidy is available to all families with children under three years old, regardless of income level or the number of children [2][28]. - The policy is part of a broader initiative to support families during the critical early years of child development [4][9]. Group 2: Public Reaction and Challenges - The announcement of the subsidy led to a surge in interest, with many parents attempting to access the subsidy application platform, which experienced technical difficulties due to high traffic [5]. - Instances of scams related to the subsidy have already been reported, indicating a need for public awareness and caution [5]. Group 3: Broader Context and Future Implications - The subsidy is seen as a signal of the government's commitment to addressing the challenges of low birth rates and supporting families, following previous policies encouraging childbirth [8][9]. - The introduction of the subsidy coincides with plans for free preschool education starting in the fall of 2025, marking a significant shift towards a more comprehensive support system for families [6][40]. - The article highlights the importance of a holistic approach to family support, including financial aid, educational reforms, and workplace policies to create a more favorable environment for child-rearing [39][43].

国务院办公厅印发《关于逐步推行免费学前教育的意见》明确，从2025年秋季学期起，免除公办幼儿园 学前一年在园儿童保育教育费，不含伙食费、住宿费、杂费等。同时，民办幼儿园也可享受与公办幼儿 园"同等"减免水平，高出免除水平的部分可继续向在园儿童家庭收取。 简评：逐步推行免费学前教育是涉及千家万户、事关长远发展的重要惠民举措。与近期落地的育儿补贴 类似，政策再聚焦免费学前教育，将有助于降低育儿成本，进而更好激发消费潜力、提升市场活力。往 后看，更多育儿利好配套政策有望出台，如进一步完善教育、医疗、住房、就业等配套服务等。 央行等七部门联合印发金融支持新型工业化指导意见，坚持分类施策、有扶有控，推动产业加快迈向中 高端，防止"内卷式"竞争。《意见》明确，到2027年建成适配制造业高端化、智能化、绿色化发展的成 熟金融体系，推动贷款、债券、股权等工具联动发力。 简评：工业是立国之本，是经济社会高质量发展的基石。《意见》对于金融支持新型工业化提出了总体 要求，通过对照新型工业化重点任务，构建全覆盖、差异化、专业性金融服务体系，形成了金融支持新 型工业化的清晰路径，进而增强金融支持新型工业化的强度、精度、效度。 【博时市 ...

国务院办公厅《关于逐步推行免费学前教育的意见》昨天(5日)对外公布，明确从今年秋季学期起，免除公办幼儿园学前一年在 园儿童保育教育费；对在教育部门批准设立的民办幼儿园就读的适龄儿童，参照当地同类型公办幼儿园免除水平，相应减免保 育教育费。 众所周知，我国实行九年义务教育制度，不收学费、杂费；而学前教育属于非义务教育，保育教育费是幼儿家庭的必要支出。 今年政府工作报告提出，逐步推行免费学前教育。对此，这次《意见》作出哪些规定？如何助推学前教育普及普惠安全优质发 展？ 根据国务院办公厅《关于逐步推行免费学前教育的意见》，我国将从今年秋季学期起，按照县级以上地方人民政府及其教育、 价格主管部门批准的公办幼儿园保育教育费收费标准，免除公办幼儿园学前一年在园儿童保育教育费，不含伙食费、住宿费、 杂费等。民办幼儿园参照当地同类型公办幼儿园免除水平，相应减免保育教育费；高出免除水平的部分，民办幼儿园可以按规 定继续向在园儿童家庭收取。如何理解这些规则？ 中国教育科学研究院基础教育研究所副研究员高丙成：首先要关注"学前一年"，这其实也就是指大班的在园适龄儿童；其次是 免费的标准，也就是按当地公办幼儿园保育教育费收费标准，进行 ...

央视网消息：国务院办公厅8月5日印发《关于逐步推行免费学前教育的意见》。从2025年秋季学期开始，免除公办幼儿园学前一年在园儿 童保育教育费。 根据政策，从2025年秋季学期起，免除公办幼儿园学前一年在园儿童保育教育费。对在教育部门批准设立的民办幼儿园就读的适龄儿童， 参照当地同类型公办幼儿园免除水平，相应减免保育教育费。 在免除标准方面，按照县级以上地方人民政府及其教育、价格主管部门批准的公办幼儿园保育教育费收费标准（不含伙食费、住宿费、杂 费等）执行。民办幼儿园保育教育费高于免除水平的部分，幼儿园可以按规定继续向在园儿童家庭收取。对因免保育教育费导致幼儿园收入减 少的部分，由财政部门综合考虑免保育教育费在园儿童人数、所在地保育教育费生均实际收费水平等情况补助幼儿园。此外，将巩固落实家庭 经济困难儿童等群体资助政策，健全学前教育经费投入机制。 专家解读：新政策直接降低家庭育儿成本 早在今年的《政府工作报告》中就提出，"逐步推行免费学前教育"。这次国家明确的政策内容中，都有哪些关键点？来听专家分析。 政策出台，谁是直接受益者？ 免除保育教育费的好处这么明显，那为什么只免除学前一年？专家表示，免费学前教育政策的 ...