Can the subsidiaries of listed companies go public?

Legal Analysis: Subsidiaries of listed companies can be listed, provided that the continuous operation time of the subsidiaries is more than 3 years, except those approved by the State Council.

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.