(Yicai Global) Sept. 6 -- Three major indices of China's stock markets closed higher on Wednesday, with the Shenzhen Component Index hitting the highest level since December 2016.

The Shanghai Composite Index inched up 0.03 percent to 3,385.39 points, reversing the earlier downward trend at opening.

The Shenzhen Component Index was up 0.34 percent to close at 11,024.59 points after hitting a new high of 11,036.89 points earlier.

The Growth Enterprise Index surged 0.94 percent to 1,902.86 points after initially falling 0.24 percent at early opening.

The stocks related to domestic computer chip companies advanced 3.06 percent, while the stocks related to steel and new material manufacturing were up 2.44 percent and 2.41 percent, respectively.