What is the difference between a wholly-owned subsidiary and a wholly-owned subsidiary?

In terms of structural form, enterprise groups are characterized by a multi-level organizational structure with large enterprises as the core and many enterprises as the periphery; On the joint ties, it is a high-level, deep-seated and relatively stable enterprise joint organization that implements asset joint based on economic, technical or business ties; In the internal management system of the consortium, the members of the enterprise group not only maintain a relatively independent position, but also implement a unified leadership and hierarchical management system, and establish a leadership system combining centralization and decentralization; Judging from the scale and operation mode of the consortium, it is characterized by its huge scale and strong strength, and it is a diversified enterprise consortium across departments, regions and even countries. Look carefully:

It is an international practice for a company to set up a wholly-owned subsidiary. In fact, there is only one parent company as the shareholder of a subsidiary, and its operation must obey the policies of the parent company or even the specific instructions of the parent company for a transaction. However, because a subsidiary is established and operated in accordance with the company law, it may also register multiple shareholders of the parent company as its own shareholders in form, so it is usually recognized as a company by laws in various countries. A limited liability company solely invested by an institution or department authorized by the state in China is a wholly state-owned company with the nature of a wholly-owned subsidiary. look carefully/closely