How much equity does the parent company have in the subsidiary is not a joint venture.

The parent company accounts for less than 50% of the subsidiaries. According to today's headline query, the parent company must hold a certain percentage of the shares of its subsidiaries. A subsidiary refers to a company that is controlled or actually controlled and dominates a certain number of shares by another company according to the agreement. Article 14 of the Company Law of People's Republic of China (PRC) stipulates that a company may set up a branch, and it shall apply to the company registration authority for registration and obtain a business license.