What is the parent company?

According to the relevant provisions of China's "Company Law", a subsidiary refers to a company established by a company with legal personality and independently bearing civil liability according to law; The parent company refers to a limited liability company or a joint stock limited company established according to law. The parent company is a shareholder of the subsidiary company, which is established by the parent company.

legal ground

Article 14 of the Company Law of People's Republic of China (PRC) * * 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. "Regulations of the People's Republic of China on the Administration of Company Registration" Article 45 A branch refers to an institution established by a company outside its domicile to engage in business activities. This branch does not have the qualification of enterprise legal person.