Mei Ri Jing Ji Xin Wen·2026-03-18 12:19Core Viewpoint - Country Garden is facing scrutiny due to rumors of a large-scale recall of former employees, which the company clarified is a routine update to its internal rehiring policy rather than a new initiative [1][3]. Group 1: Company Policy and Management - The internal document regarding the rehiring of former employees was released in January and aims to ensure a stable workforce during the company's recovery phase [3][4]. - Country Garden emphasizes that the adjustment to the rehiring policy is a regular update and not a new policy, highlighting the importance of talent for sustainable development [4]. - The company has a mechanism for regular review of internal management policies to align with operational needs [4]. Group 2: Future Outlook and Strategic Planning - Chairman Yang Huiyan has defined 2026 as a critical year for the company, focusing on completing housing deliveries and transitioning to normal operations [5]. - The company plans to deliver approximately 1.85 million housing units from 2022 to 2025, maintaining a leading position in the industry for delivery volume [5]. - Future strategies will focus on enhancing core competitiveness and adapting product designs to meet diverse customer needs [5]. Group 3: Financial Restructuring and Performance - Country Garden's debt restructuring, which includes approximately $17.7 billion in foreign debt and around 137.7 billion RMB in domestic debt, is expected to reduce total debt by nearly 90 billion RMB [6]. - The company has already made significant payments to creditors following the debt restructuring, exceeding market expectations [6]. - Recent operational data shows that in the first two months of 2026, the company achieved contract sales of approximately 2.23 billion RMB, ranking among the top ten in sales among Chinese real estate firms [7].