Early childhood education in Hong Kong has become big business, attracting more entrepreneurs and increased investment in the industry. [Provided to China Daily] Trade wars and rising interest rates have taken away much of the shine of stocks and properties. If you, like many other Hong Kong investors, are thinking of selling out while the times are still good, you may want to know there's a new game in town that has whetted the interest not only of local entrepreneurs but also millionaire investors on the Chinese mainland. You don't have to be an educator or a social analyst to notice the obsession of many parents in Hong Kong and on the mainland with giving their toddlers a head start. Many children as young as two years of age are drilled by their eager parents to prepare for examinations to qualify for admission to some of the most prestigious nurseries and kindergartens. The strong demand has turned pre-school education into a big business, sucking up hundreds of millions of new investment funds from entrepreneurs, as well as investors who have grown wary of the stock and property markets. As a result, some of the better known play schools and kindergartens have become prized take-over targets. Even the special schools, especially those that teach local pre-school children usage of the English language, are in demand. Investors in pre-school education reportedly include young entrepreneurs who are interested in running the schools. There's no shortage of passive investors who are interested only in the earnings potential of these facilities. A mainland investor has reportedly bought a well-known kindergarten in Hong Kong because he can't get over the fact that he couldn't find a good kindergarten for his children when they were young. In Hong Kong, all kindergartens are privately owned and operated although they have to register with the government and subject to regular inspections by the Education Bureau. Since the introduction of the Quality Assurance Framework in 2012, the government regularly publishes a set of Performance Indicators for public reference. But, it's word of mouth that determines the popularity of a kindergarten. The more famous one can charge a fee of up to several thousand dollars per student. That's good business. 24 hour wristbands
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A Beijing woman became the first Chinese to received the HPV 9-valent vaccine in the Chinese mainland on Wednesday morning as the vaccine was made available in Boao, South China's Hainan province.The HPV 9-valent vaccine, only available at Boao Super Hospital at the Boao Lecheng International Medical Tourism Pilot Zone in Hainan for now, is specifically designed for women between the ages of 16 and 26. The price for the series of three injections is 5,800 yuan (908 dollars).The HPV vaccine helps protect against cancers and genital warts caused by the human papillomavirus.Individuals can receive the vaccines only by making an appointment on the telephone, as the supply is still limited. Only 6,000 vaccines in the first batch are available so far. That means it can only meet the needs of a maximum of 2,000 people.Boao is the first place to offer HPV 9-valent vaccines in the Chinese mainland, thanks to the preferential polices it enjoys.Boao Lecheng International Medical Tourism Pilot Zone, where Boao Super Hospital is located, is the only of its kind in China that enjoys nine preferential polices, such as special permission in importing medical technology, medical equipment and medicine.The pilot zone is allowed to import HPV 9-valent vaccines and other drugs without seeking permission via the central government's certain procedures in line with the nine preferential polices.Every year tens of thousands of Chinese women go overseas, as far as the Unite States, to receive the vaccines due to the inadequate supply in the domestic market, according to media reports.The pilot zone will work with top hospitals and experts in the healthcare sector to further exploit the advantages of preferential polices to provide better service for customers right at home, said He Pengfei, deputy director of the administrative committee of the Boao Lecheng pilot zone.
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