That is, China Post Capital is the sole shareholder of China Post Assets, and China Post Assets is a wholly-owned subsidiary of China Post Capital. This relationship shows that China Post Capital has complete control over China Post assets, and all business and financial activities of China Post assets need to be carried out under the guidance of China Post Capital.
This wholly-owned parent-child relationship is common in many large enterprise groups, which is helpful to realize centralized management and optimal allocation of resources and improve the operational efficiency and competitiveness of enterprises.