Yes, I’m aware the exchange rate is the same as when buying USD.
Went to ICBC’s main branch in Jing’an today and inquired about how long it would take for the Demand Draft. They told me 5 days. Afterward, went to a small Bank of China sub-branch across the street from my apt and asked them how long it would take to issue one, they said if I purchase today (Saturday) or tomorrow I could pick it up on Monday. They also mentioned having a Bank of China account is required to purchase one.