Chinese shares opened lower on Tuesday with the benchmark Shanghai Composite Index down 0.11 percent to 2,932.09 points. The Shenzhen Component Index dipped 0.1 percent to 11,935.8 points. China Eastern Airlines gained 0.83 percent to 6.08 yuan (0.89 U.S. dollar) at the opening on Tuesday after its official ceremony of completing an A-share swap for its merger with Shanghai Airlines on Monday. According to the merger plan, China Eastern swaps 1.3 of its Shanghai-listed A-shares for every Shanghai Airlines share. The total assests of the new firm were more than 150 billion yuan and the Shanghai-based carrier had a fleet of 331 big and medium-sized airplanes by December 2009.
