Regulator 'studying' new share sale reform

China's securities regulator is still studying reform of the registration-based system for initial public offerings, a senior securities official said on Tuesday without elaborating on the details or timetable.

Reform of the new share sale mechanism has been a closely followed topic during the ongoing annual sessions of the nation's legislators and political advisers.

"The regulator is studying the registration-based reform," Li Chao, vice-chairman of the China Securities Regulatory Commission, told reporters on the sidelines of the ongoing session of the National Committee of the Chinese People's Political Consultative Conference, the country's top political advisory body.