www.research.hsbc.comDisclosures&Disclaimer:ThisreportmustbereadwiththedisclosuresandtheanalystcertificationsintheDisclosureappendix,andwiththeDisclaimer,whichformspartofit.EquityResearchReportTelecoms,Media&TechnologyNovember2019By:JingHan(S1705518080001)andGaryGuo(S1700517120002)ChinaEducationInitiatecoverage:TimetostudyspecialistsubjectsNicheprivatesub-sectormarketsaregrowingrapidlyinChina’slargeeducationindustryOuranalysisofsupply,demandandpolicysupportshowsthattheoutlookisbrightInitiatecoverageonfoursectorspecialists:OffcnEducationTechnology(Buy),ShiyuanElectronicTechnology(Buy),MyGym(Buy),andLanxumTechnology(Hold)1Equities●Telecoms,Media&Technolog...