Subsidiaries of subsidiaries of state-owned enterprises are usually regarded as a kind of state-owned enterprises and should be included in the category of state-owned assets management. State-owned enterprises refer to enterprises composed of state and collective ownership. In the ownership structure of state-owned enterprises, subsidiaries of subsidiaries are often controlled directly or indirectly, and their specific ownership is the same as that of the parent company and subsidiaries. However, in practice, the specific ownership and business model of subsidiaries will change for various reasons. For example, in the reorganization, the original company may be transformed into a new legal entity; In the process of independent listing or cancellation, the subsidiaries of subsidiaries may also change. In addition, the ownership of subsidiaries of state-owned enterprises may be different from other industries, such as finance and insurance. In short, subsidiaries of state-owned enterprises are generally regarded as state-owned enterprises, and the specific ownership and business model will be different according to the actual situation.
Can subsidiaries of state-owned enterprises be listed independently? Subsidiaries of state-owned subsidiaries can be listed independently through IPO and other means. But in the specific operation, various factors need to be considered. For example, after listing, it is necessary to fully demonstrate and arrange the protection of the rights and interests of the state and collective owners, the governance structure of listed companies, and financial transparency to ensure compliance with relevant laws, regulations and policies. In addition, as a special form of ownership, the independent listing of state-owned enterprises also faces certain market risks and public pressure.
The subsidiaries of state-owned subsidiaries belong to the category of state-owned enterprises, and the specific ownership and business model depend on the actual situation. Involving independent listing and other issues, we should fully consider all factors, make reasonable arrangements, ensure compliance with laws, regulations and policies, and maintain the safety and value-added of state-owned assets.
Legal basis:
Article 14 of the Company Law of People's Republic of China (PRC) * * 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.