Core Points - The increasing trend of Chinese students studying abroad, particularly in Southeast Asia, is driven by lower costs and easier admission requirements [1][5] - The Chinese Ministry of Education's study abroad service center (Zhongliufu) has intensified scrutiny on foreign degree certifications, particularly from institutions in Thailand and the Philippines, due to concerns over the quality of education [2][3][7] - The rise of "water degrees" (degrees obtained with minimal academic rigor) has led to public scrutiny and regulatory actions against certain foreign institutions [2][6][8] Group 1: Regulatory Actions - Zhongliufu announced the suspension of degree certification applications from Thailand's Phetchaburi Rajabhat University due to conflicting and inaccurate information provided during the verification process [3] - The center has also initiated enhanced review procedures for 26 institutions across Southeast Asia, citing significant anomalies in degree certification data [2] - The scrutiny has led to the invalidation of degree certifications from certain institutions, marking a significant shift in the regulatory landscape for overseas education [2][3] Group 2: Market Trends - Southeast Asian countries, particularly Thailand, Malaysia, and the Philippines, have become popular destinations for Chinese students due to their affordability, with annual costs around 100,000 RMB in Malaysia [5][6] - The number of Chinese students in Malaysia has surged, with applications reaching 33,216 in 2024, a nearly 25% increase from 2023 [5] - The education market in Southeast Asia has seen the emergence of a robust industry chain, with private universities and educational agencies playing significant roles [6] Group 3: Quality Concerns - The phenomenon of "water degrees" has raised concerns among employers, with nearly 70% of companies now requiring graduates to have attended institutions ranked in the top 100 globally [8] - The scrutiny of institutions like Adamson University in the Philippines highlights the ongoing issues with degree validity and the need for stricter oversight [7][8] - The increasing focus on the quality of overseas education is prompting domestic institutions to reassess their hiring criteria for faculty, emphasizing the legitimacy of foreign degrees [7]

Core Viewpoint - IDP Education's forecast indicates a significant decline in demand for its services due to changes in international student visa policies, projecting a nearly 50% decrease in adjusted operating profit for FY2025 [1][2] Group 1: Financial Impact - IDP expects adjusted operating profit for FY2025 to be between AUD 115 million and AUD 125 million, a reduction of nearly half compared to the previous year [1] - Following the announcement, IDP's stock price plummeted, experiencing a 48.3% intraday drop, marking the largest intraday decline in the company's history [1] - The stock closed down 45% at AUD 4.11, nearing an 8-year low, and was the worst performer on the S&P ASX200 index for the day [1] Group 2: Market Conditions - The number of international students in IDP's four major markets is projected to decline by 28% year-on-year for the first three quarters of FY2025 [2] - The language testing business is expected to see a decline in performance by 18% to 20% due to increasing competition despite IELTS's historical dominance [2] - The company acknowledges ongoing policy uncertainty and increasing economic instability, yet expresses confidence in the long-term drivers of the industry and readiness to face future challenges [2] Group 3: Regulatory Environment - The current international student visa policies in Canada and Australia remain strict, while the UK has indicated further restrictions on student immigration [1] - The U.S. government is also intensifying deportation efforts and revoking student visas as part of a stringent immigration agenda, contributing to a less favorable environment for international students [1]

Group 1 - The U.S. government has announced a ban on Harvard University recruiting international students and requires existing international students to transfer, prompting various global institutions to express willingness to accept these students [1] - Korea's Korea University has stated it will provide support to affected international students and professors from Harvard, including hiring impacted faculty and allowing students to transfer to complete their studies [1] - Approximately 430 Korean students are currently enrolled at Harvard, making Korea the fourth-largest source of international students at the university [1] Group 2 - The tightening of U.S. study and visa policies has caused shock and anxiety within the Korean study abroad community, with a significant increase in inquiries to Korean study abroad agencies and travel agencies [2] - The Korean Ministry of Foreign Affairs is in communication with the U.S. regarding the suspension of new student visa interviews at the U.S. Embassy in Korea and is closely monitoring the situation [2] - The Korean Embassy in the U.S. has established an emergency contact network for students to maintain communication with local students [2]

作 者 | 王峰 编 辑 | 陈洁 图 源| 央视新闻 宋洁（化名）最近看国际新闻看得焦虑。据央视新闻报道， 5月22日，特朗普政府暂停哈佛大学招收国际学生的资格。随后，特朗普要 求哈佛大学提供所有国际学生的姓名及国籍信息 ，还威胁称，如果哈佛大学不提交外国学生名单，联邦政府将考虑削减该校的30亿美元 拨款。 宋洁是国内一所985高校会计学专业本科生，她本打算申请美国高校2026年秋季的商科研究生。面对日益复杂的美国留学形势，她不得 不有所准备。 央视新闻报道称，虽然哈佛大学就美国政府对该校的国际学生禁令提起诉讼后，美国马萨诸塞州联邦地区法院一名法官已对该禁令发出 临时限制令。 哈佛大学目前约有6800名国际学生和学者，中国学生占哈佛大学国际学生的20%，他们将何去何从？ 据报道，包括香港大学、香港科技大学在内的多所香港高校表示，欢迎就读于哈佛大学的国际本科生及研究生转学。 香港是宋洁非常心仪的留学目的地。但她也担心，"由于港校近年来太受欢迎，申请竞争已经非常激烈"。 竞争激烈，是因为越来越多的学生正在涌向香港。他们来自哪里，为何选择香港？ 赴美留学雪上加霜 但宋洁担心，"哈佛大学是否暂停招收国际学生仍无定论 ...

Core Viewpoint - The recent changes in U.S. immigration policy, particularly the suspension of student visa interviews and the tightening of international student admissions at Harvard, are causing significant anxiety among international students and reshaping the global study abroad landscape [1][2]. Group 1: Impact of U.S. Policy Changes - The Trump administration's decision to pause new student visa interviews and expand scrutiny of international students' social media is seen as a major blow to the study abroad market, following the "Harvard ban" [1]. - Many students are now advised to adopt a "multi-country application" strategy, applying to multiple countries simultaneously to mitigate risks associated with U.S. policies [1][4]. - There is a noticeable shift in student preferences, with high-end clients still favoring the U.S., while average families are increasingly looking towards countries like Japan, South Korea, and Malaysia for more cost-effective options [2][3]. Group 2: Changes in Global Study Trends - The fluctuations in U.S. policies have led to a rise in applications to Commonwealth countries, which has increased admission standards at these institutions [3]. - U.S. universities are perceived to value a diverse range of student qualities beyond just academic scores, as evidenced by a student with an average score of 86 being accepted into Cornell University with a scholarship [3]. - Despite the current challenges, there is cautious optimism among study abroad agencies, with expectations of a potential rebound in U.S. study interest if Harvard's legal challenges succeed [4].

Core Viewpoint - The recent suspension of Harvard University's ability to enroll international students by the Trump administration has created uncertainty for Chinese students considering studying in the U.S., leading many to explore alternative destinations like Hong Kong [1][4]. Group 1: U.S. Education Landscape - The U.S. remains a top destination for international students, with 16 of the top 50 universities in the 2025 QS World University Rankings located there [3]. - Acceptance rates for top U.S. universities have been gradually increasing, with the acceptance rate for the top 30 schools rising from 63% in 2020 to 77% in 2024 [3]. - The number of Chinese students applying for doctoral programs in the U.S. has significantly increased, from 6.5% in 2021 to 13.28% in 2024 [3]. Group 2: Shift to Hong Kong - Hong Kong has become an attractive alternative for Chinese students due to its high-quality education and lower economic costs compared to the U.S. [6][7]. - The number of mainland students studying in Hong Kong surged by 32% in 2023, totaling 62,079 students [6]. - Hong Kong universities are actively recruiting students from Harvard, offering unconditional admissions and support for transfer processes [5][6]. Group 3: Factors Influencing Student Choices - The economic burden of studying in the U.S. is significant, with costs ranging from 500,000 to 1,000,000 RMB annually, while studying in Asia is generally cheaper by about half [8]. - The IANG visa policy in Hong Kong allows non-local graduates to stay and work in Hong Kong for two years post-graduation, increasing its appeal [8]. - The Greater Bay Area provides ample employment opportunities for graduates, particularly in international schools, enhancing the attractiveness of studying in Hong Kong [9].

Core Insights - The global study abroad landscape is undergoing significant changes, with traditional destinations like the US and UK facing increased scrutiny and policy shifts that deter international students [1][3][6] - The study abroad market is entering a phase of stagnation, with a noticeable decline in the number of students choosing traditional destinations, prompting a shift towards more stable regions like Hong Kong and Singapore [1][11] Group 1: Market Trends - The US has seen a tightening of immigration policies, which has created anxiety among international students and shifted their focus to more stable study destinations [1][6] - The number of international students in the US is projected to decline significantly, with estimates suggesting a potential drop of 10% (approximately 100,000 students), leading to an economic loss of around $4.4 billion [6] - Hong Kong has emerged as a popular alternative, with its universities actively recruiting students affected by US visa issues, resulting in a significant increase in non-local student admissions [7][8] Group 2: Changing Preferences - The interest in studying in countries like France, Austria, Ireland, and Spain has surged by 20%-30%, indicating a shift in student preferences towards non-traditional destinations [9] - The motivations for studying abroad are evolving, with a growing emphasis on employment outcomes rather than merely obtaining a degree [9][10] - There is a notable increase in students pursuing interdisciplinary studies, reflecting a broader trend in education that values diverse knowledge and skills [10] Group 3: Industry Dynamics - The study abroad industry is experiencing increased competition, with both large educational groups and small agencies entering the market, leading to a fragmented landscape [11][12] - New Oriental's recent financial reports indicate a slowdown in growth for traditional study abroad services, with a projected revenue increase of only 8% in the upcoming fiscal quarter [11] - The company is diversifying its offerings to include services for older demographics and exploring opportunities in attracting international students to China, which is seen as a potential growth area [13][14]

Group 1 - The report highlights the increasing popularity of study destinations in Asia, with Ireland making its debut in the top ten of preferred study locations for Chinese students by 2025, ranking seventh [1][3] - The main fields of study for prospective international students from China are finance, education, and computer science, with the United States and the United Kingdom remaining the most sought-after destinations [1][3] - The report categorizes Chinese international students into six types, with "parent-driven" students making up 24% of the population, indicating a significant portion of students choose to study abroad based on personal goals [3] Group 2 - There is a notable trend towards younger students studying abroad, with a significant increase in the intention to study abroad among undergraduate students, particularly those from "Double First Class" universities, showing a 7% year-on-year growth [3] - The report indicates that 25% of students are enrolled in interdisciplinary programs, reflecting the rising importance of cross-disciplinary education in fostering innovation and comprehensive skills [3] - The proportion of prospective students with prior overseas study experience has risen from 27% in 2015 to 43%, demonstrating a steady increase in students engaging in international learning programs [4]

Group 1 - The study abroad industry is facing challenges due to changes in the global economic environment and educational competition, leading to a cautious approach from families regarding overseas education, resulting in a slowdown in the growth of outbound students [2] - New Oriental's revenue from overseas exam preparation and consulting services grew by approximately 7.1% and 21.4% year-on-year for Q3 of FY2025, but both business segments experienced a decline in growth rate compared to previous periods [2][5] - The report indicates a shift in study abroad destinations, with the UK surpassing the US in popularity among Chinese students due to its shorter academic programs and stable political environment [3] Group 2 - The demand for study abroad is diversifying, with students increasingly focusing on employment outcomes rather than merely enhancing their resumes, particularly among master's and doctoral candidates [4] - Engineering, economics, and management are the top three preferred fields of study for prospective international students, with a slight increase in the proportion of students choosing engineering disciplines [4] - The study abroad market is entering a period of slow growth, with a noticeable decrease in the total number of international students being admitted to traditional destinations like the US, UK, Australia, and Canada [5] Group 3 - New Oriental is expanding its study abroad services to cater to different age groups, including the growing market for "silver-haired" students, who are retirees seeking short-term study opportunities abroad [6] - The company is also exploring the potential for inbound international students, as the quality of Chinese education continues to rise, attracting students from Southeast Asia [6] - The value of studying abroad remains significant, with returnees playing a crucial role in the Chinese job market, particularly in enterprises that require professionals with a global perspective [6]