Core Viewpoint - The implementation of free preschool education policy in China is a significant step towards achieving educational equity and optimizing population structure, which will ultimately maximize long-term social benefits [1] Policy Design - The policy ensures equal treatment for both public and private kindergartens, allowing children in private institutions to benefit from fee reductions based on local public kindergarten standards, promoting fair development between the two types of institutions [2] - Specific regions, such as Tibet and certain counties in Xinjiang, will continue to enjoy existing preferential policies, reflecting a commitment to support underdeveloped areas [2] - The policy emphasizes support for economically disadvantaged groups, encouraging provinces to enhance safety nets for low-income families, orphans, and disabled children [2] - The policy encourages donations for educational support from enterprises and individuals, and promotes the allocation of funds from kindergartens' operational income to assist economically disadvantaged children [2] Financial Coordination - The preschool education funding is a shared responsibility between central and local governments, with the central government playing a guiding role [3] - Central financial support will be differentiated based on regional economic conditions, with up to 80% funding for economically weaker areas, ensuring effective policy implementation [3] - A dynamic adjustment mechanism will be established to regularly evaluate and adjust funding standards based on economic development and cost of education [3] - Provincial governments are tasked with creating specific implementation plans and ensuring timely distribution of financial support to kindergartens [3] Policy Evaluation and Supervision - The policy includes provisions for timely evaluation and adjustment, ensuring alignment with existing local preschool education funding policies to avoid overlaps or gaps [4] - Strengthened supervision through information technology will be implemented to prevent misuse of funds, ensuring that financial resources are effectively utilized for the intended purposes [4]

Core Viewpoint - The implementation of free preschool education policy in China is a significant step towards achieving educational equity and optimizing population structure, aiming for long-term social benefits [2] Group 1: Policy Overview - The State Council has issued an opinion on gradually promoting free preschool education, marking a historic step in building a high-quality education system and promoting educational equity [2] - The policy aims to transition preschool education from "universal" to "universal free" through systematic design, addressing the needs of families for early childhood education [2] Group 2: Implementation Principles - The policy emphasizes gradual implementation, government investment, and collaborative efforts between central and local governments, ensuring a nationwide public service framework for preschool education [2] - Starting from the autumn semester of 2025, public kindergarten fees for the final year (usually the big class) will be waived, alleviating the financial burden on families with children entering primary school [2] Group 3: Equity in Policy Design - The policy ensures equal treatment for both public and private kindergartens, allowing private institutions to benefit from fee reductions based on local public kindergarten standards [3] - Special provisions are made for economically disadvantaged regions, maintaining existing preferential policies for areas like Tibet and Xinjiang [3] - The policy encourages provinces to enhance support for economically disadvantaged children, orphans, and disabled children, with a future aim to establish a unified support system [3] Group 4: Financial Support and Coordination - The financial responsibility for preschool education is shared between central and local governments, with a differentiated funding approach favoring economically weaker regions [4] - Central government subsidies will vary by region, with a maximum of 80% support for the most disadvantaged areas, ensuring the policy's effective implementation [4] - Provinces are tasked with developing specific implementation plans and ensuring timely allocation of funds to kindergartens, particularly private ones [4] Group 5: Monitoring and Evaluation - The policy includes mechanisms for timely evaluation and dynamic adjustment, ensuring alignment with existing preschool education funding policies [5] - Strengthened oversight through information technology will prevent misuse of funds and ensure that financial resources are effectively utilized for the operation of kindergartens and timely payment of teachers' salaries [5]

国务院新闻办公室将于2025年8月7日（星期四）上午10时举行国务院政策例行吹风会，请财政部副部长郭婷婷和教育部有关负责人介绍逐步推行免 费学前教育政策有关情况。 ...

Group 1 - The State Council will hold a policy briefing on August 7, 2025, to introduce the gradual implementation of free preschool education policy [1] - The briefing will feature the Vice Minister of Finance, Guo Tingting, and relevant officials from the Ministry of Education [1] Group 2 - The market for biosimilars is expected to undergo changes with a projected market size of 300 billion [3]

2025年秋季起，幼儿园大班免一年保育教育费，由央地财政共同负担，降低家庭育儿成本。 国家免费学前教育新政落地。 根据教育部最新数据，2024年全国共有幼儿园25.33万所，在园幼儿3583.99万人。其中普惠性幼儿园在 园幼儿（即公办幼儿园和普惠性民办幼儿园）3283.19万人，占全国在园幼儿的91.61%。2024年全国小 学招生1616.63万人。 根据上述数据大致估算，此次新政一年惠及的儿童可能将超过1000万人。 目前幼儿园收费涵盖保教费、伙食费、活动杂费等，此次免除仅限保教费。目前各地幼儿园保教费收费 标准不一，一年几千元、上万元不等。幼儿园一般为三年制，此次免除保教费仅限学前一年，这主要是 出于财政可承受能力等考量。 财政部、教育部将统筹考虑学龄人口变化、财力状况等因素，研究适时完善免费学前教育政策。 根据《意见》，在免保育教育费标准方面，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出免 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。 而此次免除的学前一年保教费则由财政承担。 《意见》称，对因 ...

国务院新闻办公室将于2025年8月7日（星期四）上午10时举行国务院政策例行吹风会，请财政部副部长郭婷婷和教育 部有关负责人介绍逐步推行免费学前教育政策有关情况，并答记者问。 来源：国新办 责编：汪云鹏 校对： 许欣 未 经 授 权 禁 止 转 载 ， 否 则 将 追 究 相 应 法 律 责 任 。 看券商中国 知天下财经 百万用户都在看 刚刚！暴跌900点，大跳水！ 突然，直线涨停！A股盘中异动，发生了什么？ 深夜！全线大涨！ 突发！俄罗斯，遭袭！ A股突发！集体异动，发生了什么？ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 券中社 × 券商中国 券 中 社 扫码下载券中社APP 扫码关注券商中国公众号 quanshangcn qzs.stcn.com 舞中 券中社APP 券 商 中 国 是 证 券 市 场 权 威 媒 体 《 证 券 时 报 》 旗 下 新 媒 体 , 券 商 中 国 对 该 平 台 所 刊 载 的 原 创 内 容 享 有 著 作 权 , F ...

责任编辑：刘万里 SF014 人民财讯8月5日电，国务院新闻办公室将于2025年8月7日（星期四）上午10时举行国务院政策例行吹风 会，请财政部副部长郭婷婷和教育部有关负责人介绍逐步推行免费学前教育政策有关情况，并答记者 问。 ...

Group 1 - The article emphasizes that the Hong Kong stock market is currently undervalued in the consumer goods sector, with a potential for a rebound driven by the child-rearing subsidy policy [2][6] - The child-rearing subsidy policy serves as a catalyst for the rotation towards the consumer goods sector, with significant price increases observed in entertainment products, jewelry, and cosmetics, which rose by 123.5%, 119.2%, and 40.5% respectively from January 2, 2025, to July 21, 2025 [2] - The valuation metrics indicate a significant disparity between new consumption and traditional consumer goods, with the weighted P/E ratios for entertainment products, jewelry, and cosmetics at 92.5x, 48.2x, and 45.5x, while the ratios for leisure food, beverages, personal care, and home goods are much lower [2] Group 2 - The mid-term outlook suggests an increased probability of a reversal in the consumer goods sector, as the market has already priced in pessimistic expectations for certain industries, including healthcare and essential consumption [3] - The article argues that while the fundamentals of the consumer goods sector may still be improving, the stock prices are poised for a breakout, reflecting future expectations [4] - The investment landscape in Hong Kong is not limited to leading companies, as there is a growing presence of institutional investors, which is expected to sustain high levels of investment in the Hong Kong market [4] Group 3 - The concept of "good housing" is introduced as a structural increment in the real estate market, which may lead to a supply-demand imbalance, further supported by the child-rearing subsidy policy [5] - The article highlights the importance of continuous supportive policies for child-rearing, such as free preschool education, which will lower the cost of raising children and enhance birth rates [5] - The introduction of the child-rearing subsidy policy reinforces the bullish outlook for the Hong Kong stock market, indicating a potential bull market driven by structural reforms and supportive policies [6]