How many subsidiaries can a joint stock limited company set up?

1. There is no limit to the number of subsidiaries invested by joint-stock companies. 2. A subsidiary is a company invested and established by the parent company and other shareholders, and it has legal personality. The establishment procedure is carried out in accordance with the company's establishment procedure, and it is established after name checking, account opening, capital verification and registration. 3. The materials to be registered include the company name approval, the certificate of the right to use the building in the business premises, the articles of association, the share registration form, the register of shareholders, the capital verification report, and the parent company's approval letter on the establishment of the subsidiary.