A subsidiary in international business refers to a legal person enterprise in the host country that is established in accordance with the law in various parts of the world by the parent company investing all or part of its shares. The subsidiary is legally independent from the parent company and has an independent and complete corporate management organizational system, so it has greater independence and certain flexibility in operations. At the same time, the operating activities of subsidiaries must also be controlled by the parent company and must obey the overall strategy and overall interests of the parent company. But this control is indirect and is also positively related to the proportion of equity owned by the parent company.

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Response time: 2021-08-11. For the latest business changes, please refer to the official website of Ping An Bank.

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