After the bankruptcy of a wholly-owned subsidiary, does the parent company have to bear the debt?

According to the relevant laws of our country, subsidiaries are legal person enterprises with independent property rights. After the bankruptcy of the subsidiary, the parent company is not required to bear the debt, except that the parent company infringes on the rights of the subsidiary.

Article 3 of the Company Law of People's Republic of China (PRC) is an enterprise legal person, with independent legal person property and legal person property rights. The company is liable for its debts with all its property.

Shareholders of a limited liability company shall be liable to the company to the extent of their subscribed capital contribution; Shareholders of a joint stock limited company shall be liable to the company to the extent of the shares subscribed by them.

Article 14 A company may 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.