--FILE--View of the headquarters and head office of the People's Bank of China (PBOC), China's central bank, in Beijing, China, 4 May 2016. The People's Bank of China is considering allowing foreign companies to issue shares on the mainland as part of its drive to reform the convertibility of the yuan and open up China's capital market. Beijing will press ahead with reforms to allow individuals to invest in overseas capital markets directly, according to the central bank's 2015 annual report released on Tuesday (21 June 2016). Beijing hopes introducing foreign companies to the mainland's capital market will give more options to choice-starved investors and shore up the corporate governance of domestic listed firms. Without specifying a time frame, the central bank said "in future" it would allow qualified foreign companies to issue shares on the mainland, including Chinese depositary receipts, or CDRs.