Q:If the parent company has formulated the enterprise standard in accordance with regulations and made self-disclosure,after the establishment of a wholly-owned subsidiary,can the wholly-owned subsidiary implement the enterprise standard formulated by the parent company? Is the authorization or document approval required?

A:In accordance with the relevant provisions of Article 14 of the Company Law,the parent company and the wholly-owned subsidiary are independent legal persons,and the subsidiary shall engage in business activities in its own name and independently bear civil liabilities. After the establishment of a wholly-owned subsidiary,the wholly-owned subsidiary may implement the enterprise standard formulated by the parent company and shall obtain the authorization of the parent company.

Source: SAMR

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