What's the difference between a subsidiary and a branch?

Legal analysis: the branch of a company refers to the branch established by the company. The company was first established as the general organization responsible for various institutions. The branch is under the jurisdiction of the company, and the relationship between the company and the branch is jurisdiction and jurisdiction. A company's subsidiary refers to a company invested by and dominated by the company. The subsidiary has a whole set of company organizations.

Legal basis: Branch companies can be established in Article 14 of People's Republic of China (PRC) Company Law. 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.