A subsidiary company cannot execute the property of the parent company without property. A subsidiary company has the status of a legal person and can bear civil liability independently. Its property has nothing to do with the parent company, and the property of the parent company has nothing to do with the subsidiary. A subsidiary shall obtain a business license according to law.
Legal objectivity:
Article 14 of the Company Law 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. Fifteenth companies can invest in other enterprises; However, unless otherwise provided by law, investors shall not be jointly and severally liable for the debts of the invested enterprises.