China Jinmao will not lay off employees. According to the information of China Jinmao official website, as of April 24, 2023, China Jinmao Holding Group Co., Ltd. has not announced the layoff plan. China Jinmao Holding Group Co., Ltd. (hereinafter referred to as China Jinmao) is a global top 500 enterprise and a platform enterprise in the field of urban operation under China Sinochem Holdings Co., Ltd., which was listed on the main board of Hong Kong Stock Exchange on August 17, 2007.