The relationship between subsidiaries?

Subsidiaries cover a wider range, including all companies owned and controlled, including both subsidiaries and branches. Therefore, some subsidiaries have independent legal personality, and some do not. The civil liability of the branch company shall be borne by the head office.

legal ground

Article 14 of the Company Law of People's Republic of China (PRC)

Companies can 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.

Article 15

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.