How to define the parent company?

A parent company refers to an enterprise (or entity, the same below) with one or more subsidiaries. A subsidiary refers to an enterprise controlled by the parent company. Article 7 of the Company Law, the parent company directly or indirectly owns more than half of the voting rights of the investee, indicating that the parent company can control the investee, so the investee should be recognized as a subsidiary and included in the consolidated financial statements.