A global legal inquiry AI questions and answer tool for outbound investment, developed by information services provider Wolters Kluwer, is now available at the Hongqiao Overseas Development Service Center in Shanghai.

The useful tool is designed to assist businesses with international expansion, by simplifying complex legal processes through AI. It aims to help Chinese companies navigate all the legal challenges and seize global opportunities more efficiently.

As global markets become more interconnected, companies are increasingly looking to invest abroad to grow and stay competitive.

However, navigating foreign legal systems can be challenging and costly, often requiring significant time and resources, including hiring local legal teams due to language barriers.

The new Q&A tool helps to overcome these challenges by providing bilingual answers in Chinese and English. It covers investment laws, compliance requirements and policy guidelines for nearly 100 major international markets. The information is sourced from official websites and Wolters Kluwer's legal database, ensuring its accuracy.

Currently, the tool is available for countries in the ASEAN region, Japan, South Korea, the Middle East & Africa, Eurasia and Europe, covering about 60 key investment destinations. More countries will be added soon.

By combining reliable legal data with advanced AI, the tool is said to offer Chinese businesses a dependable resource for global expansion.

Companies are being invited to try it out at the Hongqiao Overseas Development Service Center.

Companies are welcome to try the tool out at the Hongqiao Overseas Development Service Center. [Photo/Hongqiao Overseas Development Service Center]