The development of a shelf registration system for share issues is expected to come up for discussion on Friday by the Financial and Economic Affairs Committee of the National People's Congress, said an expert close to the matter.

The NPC is the nation's top legislature.

A consensus has emerged that China will replace its verification-based initial public offering system with a much simpler and more efficient shelf registration system, under which all qualified companies can issue shares as long as they follow relevant laws and meet disclosure requirements.