Can a listed company set up branches?

A company prepare to go public may set up a branch. The establishment of a branch company shall apply to the company registration authority for registration and obtain a business license. The name of the branch shall comply with the relevant provisions of the state, and the business scope shall not exceed the business scope of the company. A branch company does not have legal person status, and its civil liability shall be borne by the company.

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.