Does it constitute a crime for the parent company to misappropriate the funds of its subsidiaries?

Legal analysis: misappropriating the performance bond is not in conformity with the contract. If there is an agreed liability for breach of contract in the contract, it shall be punished according to the liability for breach of contract. If the circumstances are serious and cause serious consequences, it will violate criminal responsibility and may constitute the crime of misappropriating funds. Anyone suspected of misappropriating funds shall be investigated for criminal responsibility according to law.

Legal basis: Article 272 of the Criminal Law of People's Republic of China (PRC), any employee of a company, enterprise or other unit who, by taking advantage of his position, misappropriates the funds of his unit for personal use or lends them to others, and the amount is relatively large, which has not been paid back for more than three months, or, although it has not exceeded three months, the amount is relatively large, and he is engaged in profit-making activities or illegal activities, shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention; Whoever misappropriates the funds of his own unit in a huge amount, or fails to return the funds in a large amount, shall be sentenced to fixed-term imprisonment of not less than three years but not more than ten years.