Amendment to Securities Law to get green light

Move seen as legal foundation to push the registration-based system for new issues

The National People's Congress, the country's top legislature, is likely to approve the amendment to the Securities Laws this year, paving way for the much-awaited reform of the new-share sales mechanism.

The draft amendment, the most comprehensive revision of the law since it was introduced in 1998, will be reviewed by the Standing Committee of the NPC in late April, Yin Zhongqing, deputy director of the finance and economic committee of the NPC, said on Tuesday.