Can wholly-owned subsidiaries belong to the same legal person at the same time?

A wholly-owned subsidiary has the status of a legal person and independently bears civil liability according to law. According to the company's articles of association, the legal person of a wholly-owned subsidiary may be the chairman, executive director or manager, and shall be registered according to law. In this regard, wholly-owned subsidiaries can be the same legal person.

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. The provisions of this section shall apply to the establishment and organization of Article 57 of the Company Law of People's Republic of China (PRC). Where there are no provisions in this section, the provisions in the first and second sections of this chapter shall apply. A one-person limited liability company as mentioned in this Law refers to a limited liability company with only one natural person shareholder or one corporate shareholders.