The History,Impact,and Prospects of Private Higher Education's Access to Capital Market
After the Amendment to the Private Education Promotion Law in 2016,how to guide the capital market to serve the high-quality development of private higher education deserves attention.The study reviews the prepa-ration stage(1982-2001),exploration stage(2002-2015)and development stage(2016-)of China's private higher education's entry into capital market from the dimensions of conception,system and practice;it finds that it has a positive impact on promoting the conceptual change,broadening the financing channels,assisting in the ag-glomeration of high-quality schools and deepening the reform of the system and mechanism,but there are also the risks of VIE structure,capital market risk,governance risk and school quality risk and other negative impacts.En-tering the new development stage,we should fully recognize the new opportunities and challenges of private higher education entering the capital market;facing the problems of private higher education entering the capital market,strengthen supervision and risk prevention;also,the public welfare orientation should be enhanced,guiding the capital market to effectively serve the teaching,scientific research and social service missions of private higher edu-cation to highlight the publicness of higher education.
万方数据
