Shanghai Composite Index Ended Nearly Flat on Monday

China’s benchmark Shanghai Composite Index (000001.SH) closed nearly flat on Monday, while the Shenzhen Component Index (399001.SZ) fell 0.71%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.31% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.31%.

Below is a rundown of the top China business and finance stories, plus other news for the day:

· Cover Story: What’s Next for China’s After-School Tutoring Industry?

While new rules cause upheaval, companies picking up the pieces find a range of opportunities and some promising business models

· Regulators Take Action Against 19 Institutions Over STAR Market Price Violations

Probe was launched into more than 40 stocks after ‘high occurrence of uniform offering prices,' Caixin has learned

· Weekly Must-Read: Chinese Chipmaking Upstarts Race to Rival Nvidia

Raising billions of dollars from investors, Iluvatar CoreX, Biren Technology, MetaX and Moore Threads bet on next-generation chips for AI

· Uproar Over Vacation Snaps at Controversial Japanese Shrine Costs Chinese Actor His Endorsement Deals

Zhang Zhehan has been dropped by over 20 brands after photos emerged of him posing at the Yasukuni shrine in 2018

· Weekend Long Read: How a Caixin Photo Starts Debate on the Value of NFTs

Will nonfungible tokens solve creators’ copyright problems or end up a vehicle for piracy?

· SMIC Plunges in Shanghai as Regulator Removes It From Stock Connect Index

Leading Chinese semiconductor maker is registered in the Cayman Islands, making it ineligible for the domestic registration-only trading program

· Energy Insider: China-U.S. Container Shipping Rates Surge; China’s Carbon Market Inks First Cross-Border Deal

CATL plans to raise $9 billion in a share placement; China’s power consumption rose 12.8% in July; China Energy Engineering to absorb Gezhouba Group

· Regulator Gets Tough on Bond Underwriters to Stop Price War

Fees have plunged as banks and securities firms battle to boost market share and top league rankings

· New Guidelines Require Automakers to Better Manage China Data

Under the rules, carmakers must clearly spell out the functions and limitations of their assisted or autonomous driving systems

· Huawei's Former Budget Smartphone Brand Honor Goes Upscale With New Models

The spun-off unit shows ambition to revive its former glory despite concerns about a possible U.S. backlisting

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This article was generated by Caixin Automation.

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