What is the subsidiary of the branch?

1. Branches refer to branches under the jurisdiction of the company, as well as organizations established by the company outside its domicile to engage in activities in its own name. The branch company does not have the qualification of enterprise legal person, and its civil liability shall be borne by the head office. A subsidiary refers to a company whose shares are controlled by another company or actually controlled and dominated by another company according to an agreement.

2. The subsidiary owns all its own property, has its own company name, articles of association and board of directors, conducts business activities and engages in various civil activities in its own name, and independently bears all consequences and responsibilities brought about by the company's actions.

3. Legal basis:

4. According to Article 5 of the Company Law, when a company engages in business activities, it must abide by laws and administrative regulations, observe social morality and business ethics, be honest and trustworthy, accept the supervision of the government and the public, and assume social responsibilities. The legitimate rights and interests of the company are protected by law and shall not be infringed.

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