By analyzing the legal connotation and characteristic of parent subsidiary, this paper points out the essence of enterprise group is parent subsidiary relationship.

本文分析了母子公司的法律内涵及特征，指出企业集团实质是一种母子公司关系。

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A parent-child relationship describes a hierarchical association such as a subsidiary or division.

父子关系描述分级关联，如子公司或部门。

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For example, the relationship between the branch, subsidiary and the parent company.

例如企业的分公司、子公司与总公司的关系。

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By way of example, the relationship between the primary financial account holder and the subsidiary account holder may be that of a parent-child relationship, employer-employee relationship, or the like.

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