Will the secondary subsidiaries of central enterprises close down?

Yes The Company Law stipulates that a company may set up subsidiaries, which have the status of legal persons and independently bear civil liabilities according to law. The subsidiary has the status of an independent legal person. Have its own company name and articles of association, and conduct business activities in its own name. Its property is independent of the parent company. In terms of legal responsibilities, subsidiaries and parent companies also bear their own legal responsibilities within the limits of all their property, which are not related to each other. According to the classification of its management level, no matter whether it is a central enterprise or a local state-owned enterprise, its enterprises at the same level will basically not close down, but their offspring companies established step by step may close down, and the lower the level, the greater the possibility of closing down. Central enterprises include China Railway Corporation and China Investment Corporation.