Brett,
That is the craziest advise i've seen on this site, not only are you wrong in what your advising a brother to do, your TOTALLY wrong on the exchange rate in the UK for RMB. The difference is not small change by anyone's standards. If you are prepared to lose an amount of cash by changing all your money in the UK, by all means, ...but don't advise others to do such a stupid thing.
Wuhan is not small, I don't know where you get this idea from, and there are plenty of Banks of China in that city. Yes it can sometimes be a bit of a hassle, but not that much of one. I can only surmise that you must of confused the matter, when you went to exchange your cash in China!!
007,
You are in Singapore, Folsom Mike is in the USA, Big difference!! Asian rates among Asian currencies, (in Asian countries) tend to be better (follow much closer exchange rates) than those outside of that area. Been a long time since my time in Singapore, so i'm taking what you have posted to still be correct and that there is very little difference between your rates and China rates for your currency. But please be aware that this could be confusing to Folsom Mike, and anyone else outside of Asia, because there can be big differences between US/European and Chinese exchange rates.....
David.....