Shenzhen Peninsula City State fined RMB 16.8426 million for foreign exchange evasion; cross-border sellers’ fund transfer compliance explained

Shenzhen Peninsula City State Real Estate Development Co., Ltd. was fined RMB 16.8426 million for foreign exchange evasion by the Shenzhen Branch of the State Administration of Foreign Exchange on September 18, 2026. Using the penalty as a starting point, the material explains the repatriation of FDI profits, ODI outbound investment, and registration under Circular 37, and distinguishes platform business proceeds, a Hong Kong company’s after-tax profits, and amounts eligible for remittance under capital account rules. It recommends checking platform net revenue, company audits and retained earnings, related-party pricing, and domestic and overseas investment registration documents.