( March 12, 2015, 09:13 GMT | Official Statement) -- MLex Summary: The Chinese government will introduce a deposit insurance law in the first half of this year and the restrictions on deposit rates are likely to be lifted, Zhou Xiaochuan, governor of the People’s Bank of China, the country's central bank, said at a press conference Thursday. Zhou also said the government is in the process of drafting regulations for Internet banking and the Shenzhen-Hong Kong Stock Connect will be launched in 2015. Jin Qi, president of the company set up for China’s $40-million Silk Road Fund, said the fund has finished registration and will mainly invest in infrastructure, energy development, and industrial and financial corporation.The transcript of the press conference follows:...
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