Therefore, the Bank of Lithuania will seek to further ensure a FinTech-friendly regulatory environment and will consistently promote not only the quantitative growth of this sector, but – I would like to emphasize – qualitative progress as well. That is what we are hoping for when giving you a huge credit of trust.
It was the most important reform measure we adopted following the Asian financial crisis. One of the reasons behind the crisis was the inappropriate economic structure and weak capability to forestall crisis. Presently, China is confronted with dual challenges of global economic imbalance and domestic economic imbalance.