According to the second paragraph of Article 14 of the Company Law, a company can set up subsidiaries, which have the status of enterprise legal person and independently bear civil liabilities according to law.
When a company holds shares in another company, the former is the parent company and the latter is the subsidiary company. A subsidiary is a wholly-owned subsidiary when the parent company holds 100% of the shares, a holding subsidiary with more than 50% of the shares, and a relatively holding subsidiary with less than 50% of all shareholders (such as 40: 30: 30).
Therefore, the holding subsidiaries of state-owned enterprises are still controlled by the parent company of state-owned enterprises and belong to state-owned enterprises.
Extended data:
Compared with general enterprise groups, it has the same nature but is quite different. The same nature is that both parent and subsidiary companies are controlled by holding the shares of subsidiaries, and they are all holding companies in the general sense.
The main differences are as follows:
First, the nature of shareholders is different.
The capital of a state-owned holding company is directly invested by the state, and the capital of its subsidiaries is authorized by the state. Therefore, it is an institution authorized by the state to invest, a direct operator and investor of state-owned assets, and a special legal person who independently exercises the ownership of state-owned assets investors. Foreign investment is not limited by 50% of its net assets.
Generally speaking, group companies, even state-owned enterprises, are funded by investment institutions authorized by the state, and legal persons contribute to subordinate enterprises. Foreign investment shall not exceed 50% of net assets.
Second, the function is different.
State-owned holding companies mainly focus on asset operation and structural adjustment, while general group companies mainly focus on production and operation, and concurrently engage in asset operation.
Baidu encyclopedia-state-owned holding company