Can the parent company debt court execute the subsidiary company?

Legal analysis: it is impossible to pay off the debt of the parent company with the assets of the subsidiary, but it can be used as the execution target of the equity and equity income of the parent company in the wholly-owned subsidiary.

Legal basis: Branch companies can be established in Article 14 of People's Republic of China (PRC) Company Law. 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.