Will the bankruptcy of the parent company affect the subsidiaries?

Legal analysis: Yes. The shares owned by the parent company in the subsidiary belong to the property of the parent company and need bankruptcy liquidation, which will affect the registered capital of the subsidiary. If there is a guarantee relationship, loan relationship, etc. There will also be corresponding influence between the parent company and the subsidiary company.

Legal basis: Article 107 of the Enterprise Bankruptcy Law of the People's Republic of China. If the people's court declares the debtor bankrupt according to the provisions of this law, it shall serve it on the debtor and the administrator within five days from the date of making the ruling, notify the known creditors within ten days from the date of making the ruling, and make a public announcement. After the debtor is declared bankrupt, the debtor is called bankruptcy, the debtor's property is called bankruptcy property, and the creditor's rights enjoyed by the people's court when accepting the bankruptcy application are called bankruptcy claims.