Does receiving a student visa replace my existing business travel visa? (China)

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Does receiving a student visa replace my existing business travel visa? Is it possible to hold two visa types simultaneously?
I still hold a now rare 10 year multiple entry "M" business travel visa (though COVID-19 rules mean this is temporarily unusable). If I receive a new visa e.g. student visa, must this replace my existing visa? or put another way, what would I expect to see when I receive my passport back from the embassy?
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Can I change my tourist visa to student visa in China?
The foreign students entry with "L" (Travel) or "F" (Visit) visa, or being waived of visa, need to change the type of visa in the country since special reasons, through examine and approval, can alter to "X" (Student) visa.Is my China business visa still valid?
How long is the validity period? A: The special visa is officially called \u201cM visa\u201d (purpose of business visit). The visa will be valid for a minimum period of 30 days and a maximum period of 180 days.Can I change visa type in China?
No, you won't be able to change visa type in China. You will need to exit China, then apply for a new visa.How long can I stay in China on a business visa?
The duration of stay of a "F" visa is 30 days, which means the holder of the visa may stay in China for up to 30 days from the date of entry. The visa officer may extend the Duration of Stay if the applicant needs and requests a stay in China for more than 30 days.Updates of students return to China || No PU Letters required || Visa centers now open.
Sources: Stack Exchange - This article follows the attribution requirements of Stack Exchange and is licensed under CC BY-SA 3.0.
Images: Andrew Neel, Andrea Piacquadio, Andrew Neel, Gustavo Fring