(Yicai Global) Sept. 21 -- Chinese stock markets opened higher this morning while securities equities surged over 3 percent, spurred by a company announcement of a merger between two leading brokerages.

The Shanghai Composite Index opened up 0.32 percent to 3348.90. The Shenzhen Component Index started at 13,280.01, up 0.28 percent. The ChiNext Price Index, which tracks growth enterprises in Shenzhen, rose 0.36 percent to 2,605.55.

Guolian Securities [SHA: 601456] said in a statement yesterday that it plans to merge with Sinolink Securities [SHA: 600109].

Editor: Emmi Laine