Accounting, commissioned research and development belong to the research and development activities of the entrusting party, and cooperative development belongs to the research and development activities of all parties. The subsidiary is also a part of the company and does not belong to the CSRC.
In international business, a subsidiary refers to a legal person enterprise of the host country established in accordance with the law with all or part of the shares invested by the parent company. The subsidiary is legally independent from the parent company and has an independent and complete company management organization system, so it has greater independence and certain flexibility in operation. At the same time, the business activities of subsidiaries should also be controlled by the parent company.