What is the business scope of a branch of a real estate company?

A branch is a branch or subsidiary directly engaged in business activities of the head office. Although a branch has the word company, it is not a real company. The branch has obtained a business license (not an enterprise legal person business license), so the business scope of the branch shall not exceed the business scope of the company.

In your question, you may not understand the concepts of branch and subsidiary. A subsidiary is a real company, which has the legal personality of obtaining the business license of enterprise legal person and has its own independent business scope.

The reply of SAIC that "subsidiaries can't undertake real estate development projects" may refer to the situation that parent companies can't subcontract with each other in the national procurement law or bidding law, which has nothing to do with the company's business scope.