Can the shares of the branch be distributed at will?

Legal analysis: branches can generally distribute equity. A branch company does not have legal person status, and it has no independent articles of association, name and property. Its civil liability shall be borne by the company, and it is generally impossible for a branch company to distribute shares. However, branches can participate in civil activities, including litigation activities, in their own names according to law.

Legal basis: People's Republic of China (PRC) Company Law.

Article 14 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.