A novel high-permeability counterfort retaining wall (HPRW) was proposed for improved control of rainfall-induced landslides, and its working performance and mechanism were studied by thorough numerical simulations. The numerical simulations revealed that the retaining effect of the HPRW was significantly better than that of the conventional counterfort retaining wall (CRW) under the effect of rainfall. Relative to the CRW, the pore water pressure and groundwater table decreased owing to the excellent drainage capacity of the HPRW, in turn leading to the decreases in the hydrodynamic pressure and earth pressure. Consequently, the slope deformation decreased and stability of the slope increased with the application of the HPRW. Furthermore, the stress and displacement of the HPRW and the earth pressure acting on the HPRW were lower than those of the CRW under identical working conditions. Parametric analysis indicated that the rainfall intensity, property of the sliding mass and gravel filling in the catchment tank affected the retaining effect of the HPRW and the stability of the slope to varying degrees. The results of this study can provide a significant basis for the design, application and subsequent research on the HPRW.