Does the .xn--vhquv domain exist?

Yes. .xn--vhquv is a live top-level domain in the IANA root zone.

Does .企业 (.xn--vhquv) exist?

Yes. .企业 (.xn--vhquv) is a real top-level domain, live in the IANA root zone right now.

See the .企业 (.xn--vhquv) page for what kind of TLD it is. Note that existing in the root doesn’t always mean anyone can register one — some TLDs are brand-restricted.

Try to register a .企业 (.xn--vhquv) domain

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This answer is generated from the live IANA root zone list, not from vibes. If the DNS changes, this page changes.