What foreign investors are learning from China’s education sector

Schools in China offering Western-style education are becoming a must-have for parents looking to give their children a leg-up in a global world.

Foreign real estate investors have recognized the opportunity.

Expanding Chinese affluence has pushed up demand for English-language education that aims to help youngsters get into internationally-renowned universities in countries like the U.K., U.S. or Australia. Around 60 percent of children enrolled in China’s international schools are Chinese citizens, according to ISC Research.

Schools sprouting up around China have sparked interest among investors, who have been branching out into less-trodden real estate sectors in a hunt for yield. These so-called alternative sectors – including education, data centers, student housing, and health care – typically offer much higher returns than traditional real estate like offices or retail.

“The interest in English-language education in China is only going to keep growing,” says Noeleen Goh, National Director – Alternatives, Asia Pacific at JLL. “This is a new opportunity for investors.”

So far, independent British school brands have dominated, in part because the U.K. curriculum has been highly sought-after. For instance, Westminster School has plans to open six campuses across China by 2028.

However, groups from other countries have also started to make a move.

“Although the heritage of the British independent school attracts many investors from China, others are also now looking to the quality school brands from Australia, Canada and the United States to bring alternative learning options, and direct pathways to their best universities, to the aspirational families in China,” says Richard Gaskell, Schools Director at ISC Research.

Investment has been rising among companies that run international schools, which also have backing from operational investors, private equity firms and pension funds. A big draw for investors: a sector with long-dated leases, making it less-prone to market volatility compared to more traditional property assets.

In addition to having six international schools dedicated to expatriates in China, Hong Kong-based Nord Anglia Education, owned by Canadian sovereign wealth investor CPPIB and Barings Private Equity Asia, opened a school in Shanghai accepting local Chinese students in 2016. The group has plans to open another in Ningbo later this year.

Investing in this emergent sector isn’t necessarily straight forward. However, there are two types of schools in China that foreign groups can explore.

First are International Chinese-owned Private Schools (ICPS), which law requires must be fully Chinese owned. But these schools can form business relationships with overseas investors. Examples include Haileybury and Malvern College.

The other option is through Sino-Foreign Cooperative Schools. These are joint ventures between a Chinese owner and a foreign-education operator focused on secondary and higher education.

Typically, the foreign organization does the teaching, while the Chinese partner provides the land and financial investment. U.K.-based Dulwich College has set up programmes in Zhuhai and Suzhou with this model. This route is less common, but it provides the possibility of direct investment and majority ownership.

“There is red tape here that investors need to be aware of,” Goh says. “But, to be honest, this is a growing sector, and is only going to become more mainstream.”

 

Source: JLL

             https://www.theinvestor.jll/news/china/alternatives/what-foreign-investors-are-learning-from-chinas-education-sector/


PRIVACY


Annection Privacy Policy

Introduction

Welcome to the Ann Capital LLP's privacy policy.

Ann Capital LLP, trading as Annection, provides financial advisory services to cross-border transactions and investments (“our business”). Annection respects your privacy and is committed to protecting your personal data. This privacy policy will inform you as to how we look after your personal data when you visit our website (regardless of where you visit it from) and tell you about your privacy rights and how the law protects you.

Purpose of this privacy policy

This privacy policy aims to give you information on how Annection collects and processes your personal data through your use of this website, including any data you may provide through this website.

This website is not intended for children and we do not knowingly collect data relating to children.

It is important that you read this privacy policy together with any other privacy policy or fair processing policy we may provide on specific occasions when we are collecting or processing personal data about you so that you are fully aware of how and why we are using your data. This privacy policy supplements other notices and privacy policies and is not intended to override them.

Controller

Annection is the controller and responsible for your personal data (collectively referred to as "COMPANY", "we", "us" or "our" in this privacy policy).

You have the right to make a complaint at any time to the Information Commissioner's Office (ICO), the UK supervisory authority for data protection issues (www.ico.org.uk). We would, however, appreciate the chance to deal with your concerns before you approach the ICO so please contact us in the first instance.

Changes to the privacy policy and your duty to inform us of changes

We keep our privacy policy under regular review.

It is important that the personal data we hold about you is accurate and current. Please keep us informed if your personal data changes during your relationship with us.

Third-party links

This website may include links to third-party websites, plug-ins and applications. Clicking on those links or enabling those connections may allow third parties to collect or share data about you. We do not control these third-party websites and are not responsible for their privacy statements. When you leave our website, we encourage you to read the privacy policy of every website you visit.

1.               The data we collect about you

Personal data, or personal information, means any information about an individual from which that person can be identified. It does not include data where the identity has been removed (anonymous data).

We may collect, use, store and transfer different kinds of personal data about you which we have grouped together as follows:

·       Identity Data includes first name, maiden name, last name, username or similar identifier, marital status, title, date of birth and gender.

·       Contact Data includes address, email address and telephone numbers.

·       Technical Data includes [internet protocol (IP) address, your login data, browser type and version, time zone setting and location, browser plug-in types and versions, operating system and platform, and other technology on the devices you use to access this website].

·       Financial Information including account and transactional information and history Risk Data / Ratings.

·       Economic Crime related information (e.g. Financial Crime and Fraud Information).

·       Usage Data includes information about how you use our website, products and services.

We also collect, use and share Aggregated Data such as statistical or demographic data for any purpose. Aggregated Data could be derived from your personal data but is not considered personal data in law as this data will not directly or indirectly reveal your identity. For example, we may aggregate your Usage Data to calculate the percentage of users accessing a specific website feature. However, if we combine or connect Aggregated Data with your personal data so that it can directly or indirectly identify you, we treat the combined data as personal data which will be used in accordance with this privacy policy.

We do not collect any Special Categories of Personal Data about you (this includes details about your race or ethnicity, religious or philosophical beliefs, sex life, sexual orientation, political opinions, trade union membership, information about your health, and genetic and biometric data). Nor do we collect any information about criminal convictions and offences.

If you fail to provide personal data

Where we need to collect personal data by law, or under the terms of a contract we have with you, and you fail to provide that data when requested, we may not be able to perform the contract we have or are trying to enter into with you (for example, to provide you with goods or services). In this case, we may have to cancel a product or service you have with us but we will notify you if this is the case at the time.

2.               How is your personal data collected?

We use different methods to collect data from and about you including through:

·       Direct interactions. You may give us your Identity, Contact and Financial Data by filling in forms or by corresponding with us by post, phone, email or otherwise. This includes personal data you provide when you give us feedback or contact us.

·       Automated technologies or interactions. As you interact with our website, we will automatically collect Technical Data about your equipment, browsing actions and patterns. We collect this personal data by using cookies and other similar technologies.

·       Third parties or publicly available sources. We will receive personal data about you from various third parties.

3.               How we use your personal data

We will only use your personal data when the law allows us to. Most commonly, we will use your personal data in the following circumstances:

·       Where we need to perform the contract we are about to enter into or have entered into with you.

·       Where it is necessary for our legitimate interests (or those of a third party) and your interests and fundamental rights do not override those interests.

·       Where we need to comply with a legal obligation.

Generally, we do not rely on consent as a legal basis for processing your personal data although we will get your consent before sending third party direct marketing communications to you via email or text message. You have the right to withdraw consent to marketing at any time by contacting us.

Purposes for which we will use your personal data

We have set out below, in a table format, a description of all the ways we plan to use your personal data, and which of the legal bases we rely on to do so. We have also identified what our legitimate interests are where appropriate.

Note that we may process your personal data for more than one lawful ground depending on the specific purpose for which we are using your data. Please contact us if you need details about the specific legal ground we are relying on to process your personal data where more than one ground has been set out in the table below.

Purpose/Activity

Lawful basis for   processing including basis of legitimate interest

To manage client   relationships; engage stakeholders

In order to   provide and ensure we offer the best service to you and relevant parties,   information can be used to manage relationships for the benefit of you and   relevant parties.

To process and deliver your order including:

(a) Manage payments, fees and charges

(b) Collect and recover money owed to us

(a) Performance of a contract with you

(b) Necessary for our legitimate interests (to recover   debts due to us)

To manage our relationship with you which will include:

(a) Notifying you about changes to our terms or privacy   policy

(b) Asking you to leave a review or take a survey

(a) Performance of a contract with you

(b) Necessary to comply with a legal obligation

(c) Necessary for our legitimate interests (to keep our   records updated and to study how customers use our products/services)

To administer and protect our business and this website   (including troubleshooting, data analysis, testing, system maintenance,   support, reporting and hosting of data)  

(a) Necessary for our legitimate interests (for running   our business, provision of administration and IT services, network security,   to prevent fraud and in the context of a business reorganisation or group   restructuring exercise)

(b) Necessary to comply with a legal obligation

To deliver relevant website content and advertisements to   you and measure or understand the effectiveness of the advertising we serve   to you

Necessary for our legitimate interests (to study how   customers use our products/services, to develop them, to grow our business and   to inform our marketing strategy)

To use data analytics to improve our website,   products/services, marketing, customer relationships and experiences

Necessary for our legitimate interests (to define types of   customers for our products and services, to keep our website updated and   relevant, to develop our business and to inform our marketing strategy)

To make suggestions and recommendations to you about services   that may be of interest to you

Necessary for our legitimate interests (to develop our   products/services and grow our business)

To prevent and detect crime related to economic crime   including fraud and financial crime

This is within the public interest to carry this   processing out

Change of purpose

We will only use your personal data for the purposes for which we collected it, unless we reasonably consider that we need to use it for another reason and that reason is compatible with the original purpose. If you wish to get an explanation as to how the processing for the new purpose is compatible with the original purpose, please contact us.

If we need to use your personal data for an unrelated purpose, we will notify you and we will explain the legal basis which allows us to do so.

Please note that we may process your personal data without your knowledge or consent, in compliance with the above rules, where this is required or permitted by law.

4.               Disclosures of your personal data

We may share your personal data with the parties set out below for the purposes set out in the table above.

·       Internal Third Parties

·       External Third Parties

·       Third parties to whom we may choose to sell, transfer or merge parts of our business or our assets. Alternatively, we may seek to acquire other businesses or merge with them. If a change happens to our business, then the new owners may use your personal data in the same way as set out in this privacy policy.

We require all third parties to respect the security of your personal data and to treat it in accordance with the law. We do not allow our third-party service providers to use your personal data for their own purposes and only permit them to process your personal data for specified purposes and in accordance with our instructions.

5.               Data security

We have put in place appropriate security measures to prevent your personal data from being accidentally lost, used or accessed in an unauthorised way, altered or disclosed. In addition, we limit access to your personal data to those employees, agents, contractors and other third parties who have a business need to know. They will only process your personal data on our instructions and they are subject to a duty of confidentiality.

We have put in place procedures to deal with any suspected personal data breach and will notify you and any applicable regulator of a breach where we are legally required to do so.

6.               Data retention

How long will you use my personal data for?

We will only retain your personal data for as long as reasonably necessary to fulfil the purposes we collected it for, including for the purposes of satisfying any legal, regulatory, tax, accounting or reporting requirements. We may retain your personal data for a longer period in the event of a complaint or if we reasonably believe there is a prospect of litigation in respect to our relationship with you.

To determine the appropriate retention period for personal data, we consider the amount, nature and sensitivity of the personal data, the potential risk of harm from unauthorised use or disclosure of your personal data, the purposes for which we process your personal data and whether we can achieve those purposes through other means, and the applicable legal, regulatory, tax, accounting or other requirements.