On 11th April 2019, the Beilun Taxation Bureau organised a research symposium revolving around overseas investment enterprises at Hape China. Relative government departments including the Beilun Bureau of Justice, the Beilun Bureau of Commerce, as well as eight representative overseas investment enterprises, all attended the symposium as scheduled, discussing the difficulties encountered by enterprises and interpreting related tax supporting policies.

Mr. Peter Handstein (Founder and CEO of Hape Group) extended his ideas during the symposium, “as a German enterprise, Hape is relatively more familiar with European investment environments, thus having an innate European market investment edge; as for local Chinese enterprises, it is of vital importance to discreetly invest in the European market and rationally evaluate investment risks.” The implementation of the Belt and Road Initiative will inevitably bring help and convenience to Chinese enterprises’ investment within the policy coverage areas. With globally distributed subsidiaries and sub-factories, Hape Group’s scope has also reached Romania and Latvia, countries alongside the Belt and Road Initiative. As a pioneer in overseas investment, Peter shared his valuable experience with the present representatives, pointing out, in particular, investment risks. In addition, representative leaders from the Beilun Taxation Bureau and the Beilun Bureau of Justice explained and interpreted the relative overseas investment policies during the symposium, providing guidance and suggestions to the relevant enterprises.