Affiliate refers to the alliance formed by specific means between enterprises to achieve specific economic purposes. Among them, the "specific economic purpose" here refers to the control relationship or unified arrangement relationship formed between enterprises in pursuit of greater scale benefits; "Specific means" refers to equity participation or capital penetration, contractual mechanism or other means, such as personnel interlocking or voting rights agreement; "Inter-enterprise consortium" refers to the consortium between companies and enterprises with independent legal personality. The manifestations of affiliated companies mainly include parent companies and subsidiaries, leading companies and subordinate companies, holding companies, holding companies, enterprise groups and multinational companies. A subsidiary refers to a company whose shares are owned by another company or actually controlled by another company through an agreement. A subsidiary has the qualification of an enterprise legal person and independently bears civil liability according to law.
legal ground
Article 14 of the Company Law