Air China Ltd.'s application to sell shares on the Shanghai Stock Exchange will be reviewed by the domestic regulator, wrote China Knowledge Online.The carrier had raised US$1 billion by going public simultaneously on both the Hong Kong and London bourses in Dec. 2004. For its IPO in the Mainland, Air China will issue no more than 2.7 billion new denominated A-shares, or 22.25% of its total shares after the IPO, wrote the paper, citing the Shanghai Securities Journal.The company, which is the nation's biggest international airline, is seeking to raise around RMB 8 billion.   Air China’s planned listing followed the high-profile listing of Bnak of China and Industrial Bank of China.