Can the parent company cancel its subsidiary?

1. The parent company cannot directly cancel its subsidiary. The subsidiary shall be dissolved by the shareholders' meeting and then liquidated. After the liquidation, the subsidiary can be cancelled.

2. A company may set up subsidiaries, which have legal personality and independently bear civil liabilities according to law. At this point, the subsidiary is an independent company. If the subsidiary wants to cancel, it shall be decided by the shareholders' meeting, and then a liquidation group shall be established to liquidate the subsidiary. After the liquidation, the subsidiary may go to the company registration authority for cancellation of registration.