Can the debts owed by subsidiaries be executed by the parent company?

Assets owed by subsidiaries cannot be executed by the parent company. A subsidiary is a completely independent civil subject, and its civil liability is borne by itself, and the parent company cannot be required to bear joint liability. If a subsidiary company has no property available for execution, it may suspend execution and resume execution when there is property available for execution.

legal ground

Article 14 of the Company Law stipulates that a company may set up branches. The establishment of a branch company shall apply to the company registration authority for registration and obtain a business license. A branch company does not have legal person status, and its civil liability shall be borne by the company. A company may set up subsidiaries, which have legal personality and independently bear civil liabilities according to law.