Shanghai Composite Index Rose 0.31% on Monday

China’s benchmark Shanghai Composite Index (000001.SH) gained 0.31% on Monday, while the Shenzhen Component Index (399001.SZ) rose 0.27%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.41% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.29%.

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

· Cover Story: Graft Scandal Casts Long Shadow Over China’s Chipmaking Ambitions