What is a holding company?
It is what we usually call the "parent company". In English, it is called "Holding Company", or "Controlling Company" or "Parent Company". In fact, it is the largest shareholder of a company or enterprise. It is also a company in itself, but it It does not do specific operations, it is just a company that holds shares and wealth. Then if there is a parent company, there will be subsidiaries. When the subsidiary company encounters trouble, if the parent company exists, it can protect the interests of the subsidiary company and reduce its losses. How does it work? Now let me tell you the story of Mr. Shi.
