Im sure there are probably a lot of scam exchanges in china,
Yes considering sending RMB to RM via Crypto as one method,
Volatile yes, but if from start to finish if i can do it in 30-60 min that will reduce the risk,

eg This is what I was thinking at the time.
pay private guy/exchange RMB
buy BTC
send BTC to my luno
sell BTC in luno
should be able to do it in 60min or less.
Well, I need to transfer RMB to RM anyway, crypto is one option Im considering, plus I want to buy BTC anyway, if I can get it cheaper over there why not Win/win for me.

Option 1:
I can always go to luno and pay the premium, most would agree this is the safest/fastest option

Option 2:
I can also go to user² in lowyat forum/Telegram that sells Crypo, (unknown private online user, with no history dealings between seller/buyer, potentially much higher risk most would agree)
and the seller has Jacked up the price higher then Luno premium

Dont know anyone would want to take Option 2: unless they dont have Luno account and desperately needed some crypto at the time, and is willing to take that super high risk deal, and willing to take that Jacked up price, If fees were Jacked lower then Luno some people will take the risk with unknown private user².
But Jacked up price and Jacked up risk?? I cant brain lo

Option 3:
Use a China man and send BTC to my wallet, now this China Man associate may even send me the BTC without me having to pay first, coz doing business is usually about trust in China, we and this associate/friend has done many dealing in the pass with good track record also many mutual friends in common, hence the trust, and the amount of BTC I want to send back would be peanuts in comparison from pass dealings, why on earth would he risk coning me on a few BTC that would rec the current relationship I have to ask myself?

I think better not use this China Man as we all know all China Man are con artist !!
Better take Option 2: Malaysian user² are more trustworthy
off topic
You all know Jackfruit is the largest fruit in the world?
https://en.wikipedia.org/wiki/Jackfruit
I like eating Jackfruit, I actually planted 1 outside my house, and also its relative Mankat tree too, Mankat fruit taste much better tho, but fruit not as productive, as Jackfruit tree produce the most KG of fruit per tree in the world, real thing google it you dont believe me.
Thanks b0rhui as always your answer is the most helpful and construction
OKCoin.cn sounds like a lot of paper work
wow I didnt know banks in China sell BTC so advance. thanks for the url link,

But what I would probably end up doing is going to take Option 3: mention above, too lazy to do work, just give him my wallet details, and ask for his bank account.
I think you are talking about me?

Not sure where you get the idea that I didnt know there is a RM800 current premium, I already said it few times in previous post.

Well if you read my earlier post, if I can get a cheaper price/same price BTC China Man why not?
Im actually trying to sell BTC to USD.
And also sell some BTC to RM so I can Jack that price up in Luno, coz i can