Better business environment benefits all

A1 The extraordinary achievements China has made over the past 70 years are obvious and inspiring. Especially since China's reform and opening-up, the country has achieved world-renowned achievements in every industry including fintech, automobile, real estate, information technology and internet.

Experian, which entered the Chinese mainland in 2005, has witnessed many great changes in the country and benefited from them. About 80 percent of the Fortune Global 500 companies in China purchase different products and services from us.

A2 The global macroeconomic downturn is affecting almost every industry. In China, the internet and e-commerce are still experiencing rapid development. As China's digital economy has developed rapidly, online fraud has also begun to spread. Experian is dedicated to helping enterprises solve risk management problems of fraud and data leakage. We provide risk management solutions for many leading companies in different industries in China, including banking, auto finance, consumer finance, internet finance and e-commerce.

A3 As the Chinese economy enters a stage of high-quality development, it is imperative for China to adopt a higher quality of opening-up. As a result, many areas have become more open to foreign investors, including data services, electronic information and finance. This allows Experian to take our technology advantage to leverage lawful traditional data as well as third-party alternative data to offer better financial services together with our business partners to Chinese clients.

A4 For Experian, one essential approach to meet Chinese people's growing needs for better lives is serving them with better information products and bringing them easier access to convenient financial services. In this regard, the Chinese market represents huge potential for Experian.

Currently, alternative data and artificial intelligence are developing quickly in China and globally. Given different market circumstances, foreign companies like Experian are being given more opportunities to bring their mature technology to China with localized adoption.

A5 In China's financial information field, the digital transformation of the financial industry is the most significant approach to improve efficiency. This reflects China's determination and efforts to improve the quality of financial services and enhance work efficiency. Experian will further leverage our rich experience accumulated in the international market and launch more localization attempts in China.