China's Tianli leads plunge in HK-listed education stocks on report of tougher rules

** Tianli Education International leads declines in Hong Kong-listed Chinese education services providers, falling 21.5% to a near two-year low of HK$2.88

** Stock on course for its worst day since Sept. 2, 2020 and is the second-biggest percentage loser on the Hong Kong bourse

** China is poised to unveil a much tougher-than-anticipated crackdown on the country's $120 bln private tutoring industry, four sources told Reuters, including trial bans on vacation tutoring and restrictions on advertising

** Trial vacation ban, which adds to plans to bar online and offline tutoring on weekends during term time, could deprive tutoring firms of as much as 70-80% of their annual revenue with implementing cities including Beijing, Shanghai - sources

** Shares of Beijing-based New Oriental Education & Technology Group Inc plunge 14.1% to HK$64, the fourth-biggest percentage decliner on the Hong Kong bourse

** Guangdong-based Scholar Education Group drops 11.2% to HK$4.04, the lowest since July 2019

** Wisdom Education International falls 8.4% to HK$2.07, the lowest since April 2017

** JH Educational Technology drops 9% to the lowest since July 2020

** The Hang Seng China enterprises index edges up 0.03% while the benchmark index climbs 0.2%