What does holding group mean?

First, there is no concept of group in company law. However, in real economic life, there is the concept of group company. Group companies are called enterprise groups in relevant national normative documents, but in industrial and commercial registration, they are generally called XXX group companies. Second, the earliest national normative documents on the formation and definition of enterprise groups defined enterprise groups as follows: first, enterprise groups are economic organizations with multi-level organizational structure that meet the objective needs of socialist planned commodity economy and socialized mass production. Its core layer is an economic entity with independent management, independent accounting, self-financing, tax payment according to regulations, economic responsibility and legal personality. Second, the enterprise group is based on public ownership, with brand-name high-quality products or major products in the national economy as the leader, with one or several large and medium-sized backbone enterprises and independent scientific research and design units as the main body, and is composed of a group of enterprises and scientific research and design units with internal economic and technological ties; It plays an important role in the production and operation activities of a certain industry or a certain kind of products, has strong scientific research and development capabilities, and has comprehensive functions such as scientific research, production, sales, information and service. Legal basis: Interim Provisions on the Registration and Administration of Enterprise Groups Article 3 An enterprise group refers to a certain-scale enterprise legal person consortium, which is composed of parent companies, subsidiaries, shareholding companies and other member enterprises or institutions, with capital as the main link and peers as the standard. Enterprise group does not have the qualification of enterprise legal person.