The difference between them is as follows: 1. Branches do not have legal person status and do not bear civil liability independently. A subsidiary has the status of a legal person and independently bears civil liability according to law. 2. The subsidiary company obtains the business license of enterprise legal person, and the branch company obtains the business license. 3. As an independent legal person, a subsidiary is liable for its debts with all its assets. And the branch does not have its own independent property.
legal ground
Article 14 of the Company Law of People's Republic of China (PRC) * * 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.