How to deal with the liquidation of Hong Kong parent company and mainland subsidiary?

When the parent company in Hong Kong is liquidated, the mainland subsidiaries will be treated as follows:

1. The parent company is a shareholder of the subsidiary company, and its assets will be liquidated during the dissolution of the parent company, and the subsidiary company will also be liquidated as a form of the assets of the parent company.

2. The parent company can transfer its shares in its subsidiaries on the basis of evaluation, and the proceeds from the transfer will be incorporated into the bankruptcy property. The legal person status of the subsidiaries will remain unchanged, and the shareholding structure of the subsidiaries will change.