Holding subsidiaries generally need to hold more than 50% of shares; However, if the shareholding ratio of a subsidiary is less than 50%, and the voting rights of the shares held can have a significant impact on the resolutions of the shareholders' meeting or shareholders' meeting of the controlled subsidiary, it can also be recognized as a holding subsidiary.
Legal objectivity:
Company Law of the People's Republic of China
Article 76
The establishment of a joint stock limited company shall meet the following conditions:
(1) The promoters meet the quorum;
(2) It has the total amount of capital subscribed or paid-in by all promoters in accordance with the articles of association;
(3) The issuance and offering of shares comply with the law;
(4) The promoters shall formulate articles of association, which shall be adopted by the founding meeting;
(5) Having a company name and establishing an organization meeting the requirements of a joint stock limited company;
(6) Having a company domicile.
Company Law of the People's Republic of China
Article 2 16
The meanings of the following terms in this Law:
(2) Controlling shareholders refer to shareholders whose capital contribution accounts for more than 50% of the total capital of a limited liability company or whose shares account for more than 50% of the total share capital of a joint stock limited company;
Although the capital contribution or the proportion of shares held is less than 50%, but according to their capital contribution or shares held, shareholders have enough voting rights to the shareholders' meeting and the resolutions of the shareholders' meeting.