Can a subsidiary be listed independently?

Subsidiaries can be listed independently because they have independent legal personality, but branches cannot be listed independently. Listed companies that do not meet the listing requirements or make false records in financial and accounting reports will be required to withdraw from the market.

legal ground

Article 56 of the Securities Law

The listing of a listed company shall be terminated by the stock exchange under any of the following circumstances:

(a) the company's total share capital, equity distribution and other changes no longer meet the listing conditions, and still can not meet the listing conditions within the time limit stipulated by the stock exchange;

(2) The company fails to disclose its financial status as required, or makes false records in its financial and accounting reports, and refuses to make corrections.

(3) The company has suffered losses continuously in the last three years, and failed to return to profit in the following year;

(4) The company is dissolved or declared bankrupt.

(5) Other circumstances stipulated in the listing rules of stock exchanges.