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The Bund's first facade: how the riverfront row was listed, bought back and given to people on foot, 1986–2025
How the row of banks on the Bund was protected, emptied of offices, bought back by banks, and freed from eleven lanes of traffic in 2010.
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The “first facade” is planners’ shorthand for the single row of buildings that faces the Huangpu River along Zhongshan East-1 Road: the banks, hotels and clubs everyone photographs. It is the part of the Bund that Shanghai protected first, emptied of government offices in the 1990s, sold back to banks, and in 2010 freed from the eleven lanes of traffic that ran in front of it. This is the story of those four moves, and of the rules that now decide how much of the city behind it can be seen from the river.
The buildings themselves, who designed them and when, are covered in How to read the Bund. This piece starts where that one ends, in the 1980s.
What “first facade” means, and who uses the term
The phrase belongs to Huangpu District’s planning documents. Its renewal action plan of 2023 divides the Huangpu part of the Bund historic area into two zones “by closeness to the river and by the order of development”. The first facade is the front row on Zhongshan East-1 Road, plus the first phase of the Rockbund project at the northern end. The second facade is everything behind it, as far west as Henan Middle Road, between Suzhou Creek and Yan’an East Road.
The same plan gives a one-line verdict on each. The first facade, it says, has “gradually completed” its change of use since the 1990s; the second still has to be speeded up. That is the official view of where the work stands.
The numbers make the difference concrete. Shen Sirui of the Shanghai Local Chronicles Office counted 36 buildings facing the river and 141 behind them, out of 177 buildings from before 1949 in roughly 80 hectares of the Huangpu side. So the famous row is about a fifth of the old buildings in the area. The rest is the subject of the second part of this topic.
How did a row of colonial banks become protected heritage?
The answer is: in stages, over about twenty years, with the protected unit growing from single buildings to the whole district.
1986: the city. The State Council named Shanghai one of its second batch of national historic and cultural cities. Mao Jialiang, director of the city’s Planning Bureau, opened a 2008 press briefing on heritage by saying that Shanghai “is not a city with a long history” by Chinese standards; its claim rests on how it urbanised from the mid-nineteenth century. The Bund is the core of that claim.
1988–1989: the first list. The Ministry of Construction and the Ministry of Culture asked cities in 1988 to survey their outstanding modern buildings. Shanghai’s survey produced a first list of 61 buildings, which were made municipal protected sites and given plaques in 1989.
1991: the first rule with teeth. The city government issued its Measures on protecting outstanding modern buildings. The 2008 briefing called them China’s first local government regulation on modern architecture; a 2024 Jiefang Daily account calls them the city’s first binding protection rule. They governed the work for eleven years.
1996: national listing. On 20 November 1996 the “Shanghai Bund building group” was announced in the fourth batch of national key cultural-relic protection units, the country’s highest heritage grade. How many buildings that covers depends on who is counting, as the section on disagreements below explains.
2002–2003: the area, not just the building. In July 2002 the city’s People’s Congress turned the 1991 measures into a local law, the Regulation on historic and cultural areas and outstanding historic buildings, in force from 1 January 2003. Two changes mattered. Protection could now cover a whole area as well as a single building, and a building no longer had to date from before 1949 to qualify; thirty years in use was enough. In 2003 the city drew 12 central-city historic areas totalling 27 square kilometres, about a third of the old urban area, and in 2005 added 32 in the suburbs and Pudong. The Bund heads the list of the twelve.
The Bund historic area as drawn is 101 hectares across Huangpu and Hongkou districts, from Yan’an East Road north across Suzhou Creek to Wuchang Road. Wenhui Bao counted 43 blocks in it in 2015, when it was named in the first national batch of “China historic and cultural districts”. In a 2024 reply to a proposal that the Bund bid for World Heritage status, Huangpu District called it Shanghai’s only national-level historic district, and set out what a bid would need without committing to a date.
To put the Bund in proportion: by 2008 Shanghai had 19 national and 163 municipal protected sites, and four batches of outstanding historic buildings amounting to 632 sites and 2,138 individual buildings.
Who was inside the buildings, and how did they leave?
Listing protects a facade. It does not decide who works behind it. For decades after 1949 the big Bund buildings housed government departments and state bodies; the former HSBC building at No. 12 was used by the city government itself until 1995. By the early 1990s the city wanted the Bund back as a financial street, and the instrument was the “swap” (置换): an occupying government office moved to a new building elsewhere, and a bank or financial institution paid to take the old one.
A company was set up for the purpose. The Shanghai Bund Housing Swap Company dates from November 1994. The best-documented swap is No. 12. The city government moved out in 1995, and on 12 December 1997 Shanghai Pudong Development Bank took the building for 1.7 billion yuan, restoring it before moving in. No. 12, the former HSBC Building
The process took a quarter of a century. In November 2019 Huangpu District told a renewal summit that the riverfront row had “essentially” finished its swaps. The exceptions were three: the Municipal Federation of Trade Unions in the former Bank of Communications building (Bank of Communications Building (Municipal Trade Union)), Shanghai Customs in the Customs House, and the municipal archives. The list of incoming tenants read like a directory of Chinese finance: the China Foreign Exchange Trade System, the Shanghai Clearing House, the National Interbank Funding Center and SPD Bank’s head office, with foreign names such as Bangkok Bank and AIA.
So the first facade went back to roughly the use it was built for, but without a fresh sale of the land: the state bodies that held the buildings exchanged them. That is part of why the change was faster on the riverfront than behind it, where, as the second part of this topic explains, ownership is split many ways.
Why did the Bund have eleven lanes of traffic?
By the 2000s the bigger problem was in front of the buildings. Zhongshan East-1 Road had become part of the city’s main north–south road network. In September 2009 Huang Rong, director of the city’s Construction and Transport Commission, gave the figures: a surface road 37 metres wide with eleven lanes in both directions, carrying half of all traffic crossing Suzhou Creek east of the north–south elevated road. About 70 per cent of it was through traffic that had no business on the Bund, and more than 85 per cent was cars.
His list of costs was frank. The road had changed the Bund’s historic look, it cut the riverside green strip off from the buildings, and it held back tourism and culture along the river. To reach the river from the buildings, a pedestrian had to cross all of it.
The city had already rebuilt the Bund once, in the early 1990s. Jiang Shujie, deputy director of the same commission, later drew the contrast: that earlier rebuild was “mainly about congestion”; the new one was about restoring the townscape and the Bund’s function.
How do you dig a motorway tunnel under a listed waterfront?
The city government approved the reconstruction in April 2007, timed for Expo 2010. It had three parts: the Bund tunnel under Zhongshan East-1 Road, and new Renmin Road and Xinjian Road tunnels under the river.
The Bund tunnel’s northern section was bored, not dug from the surface. The machine was a 14.27-metre earth-pressure-balance shield, the largest of its type in China at the time. Its tube carries six lanes on two decks, three each way, again a first for the country. The margins are what engineers remember. The shield’s crown came within 8 metres of the street surface; its base passed 1.46 metres above the tunnels of metro Line 2. Its edge runs 1.7 metres from the Pujiang Hotel (the old Astor House) and 2.8 metres from the 18-storey Shanghai Mansions. Thirty-three protected historic buildings stood along the route and were watched with fixed-point and remote monitoring throughout.
Above ground the cost was paid in detours. The 26-month build needed more than thirty changes to traffic layouts. The Waibaidu Bridge was taken away for repair and brought back. The Wusong Road sluice bridge over Suzhou Creek, beside it, was demolished for good.
This was not the first time the city routed infrastructure around old buildings. Mao Jialiang said in 2008 that all 78 metro stations built inside the Outer Ring, and the 152 or so under construction, had been placed to avoid nearby protected buildings. The Bund tunnel did the same thing, in less room.
What did people on foot get?
The plan for the surface came from an international design competition run from April 2007 by the Planning Bureau, the Municipal Engineering Bureau, the Huangpu River development office and Huangpu District. Mao Jialiang and his deputy Wu Jiang presented the result on 28 May 2008. It covered about 1.8 kilometres of waterfront, from the mouth of Suzhou Creek to the Shiliupu ferry terminal.
With through traffic underground, the surface road dropped to four lanes for buses and local access, plus two spare lanes for bus stops and short stops. The room saved went to people. The design kept the existing flood-wall platform along the river and widened it at key points; added a mid-level terrace between the pavement and the platform, mostly between Nanjing Road and Yan’an Road; and joined the levels with long ramps at 3–4 per cent rather than steps.
Four squares were planned at the places where crowds gather. Zhou Wei, head of Huangpu District, gave their sizes in September 2009:
- At the north end, the gate, wall and small buildings at the west entrance of Huangpu Park came down for a 1,884-square-metre plaza joined to the green space at Rockbund (West entrance of Huangpu Park).
- Chen Yi Square, at Nanjing Road at the foot of Nanjing Road, centred on the statue of Chen Yi, grew to 2,858 square metres.
- At Fuzhou Road a new mid-level square of 4,900 square metres, the largest, was planned as the “Bund finance square” (Bund finance square, at Fuzhou Road).
- At Yan’an Road a 2,566-square-metre square was laid out round the Gutzlaff Signal Tower square.
The pavement on the building side was widened where there was room, to as much as 12 metres.
The works passed acceptance in March 2010 after 33 months, and the tunnel opened to traffic on the morning of 28 March 2010. Jiang Shujie put the purpose in one sentence: to turn the surface of the Bund from a space mainly for cars into one mainly for people.
Who decides how much of the city can be seen behind it?
Once the row was protected and its road tamed, the remaining question was the skyline: what may rise behind it. The answer is now in a statutory plan. The January 2025 implementation plan for the two renewal units that cover the northern and central Bund sets out to protect “the overall pattern of the Bund and the classic outline of the first facade”.
Its rules are written as views. New, rebuilt or extended buildings in the second facade must not affect the first facade’s skyline. From the street, a new building inside a block should be essentially invisible behind the street-front buildings. From key viewpoints on the Pudong riverside, larger new volumes inside the historic area should also be essentially invisible. Base heights for each block fall into five tiers: 24, 30, 40, 48 and 54 metres. The plan allows one exception, a landmark of up to 200 metres in block 150 or 151 of the Bund-01 unit.
So the first facade is protected twice over: as listed buildings, and as an outline that the buildings behind it are not allowed to break.
What the sources disagree on
How many buildings the national listing covers. The Shanghai Urban Construction Archives say the 1996 listing took in 27 buildings and structures under the name “Shanghai Bund building group”. Huangpu District’s 2024 reply names nine: the Asia Building, the Shanghai Club, HSBC, the Customs House, the Palace Hotel, Sassoon House, the Bank of China, Jardine Matheson and the Banque de l’Indochine. It adds that most of the other riverfront buildings are municipal “outstanding historic buildings”. The difference is probably one of counting (individual structures within the group against principal buildings), but neither source explains its count, and we have not seen the State Council’s 1996 list itself.
How big Chen Yi Square became. The design presented in May 2008 said the square would “double” in size; the district’s figures in September 2009 said it would grow “by a third”, to 2,858 square metres. The scheme changed between the two dates; the later figure is the one tied to a number.
Whether there would be more green. The 2008 design said green space would stay about the same; the 2009 briefing promised about 23,300 square metres, 10 per cent more.
Whether the swaps are finished. The district’s 2019 statement and its 2023 plan both describe the first facade as essentially done. The three exceptions named in 2019 show that “essentially” is doing some work: the Customs House, for one, is still a customs office.
What to look for
Stand on the mid-level terrace at Fuzhou Road (Bund finance square, at Fuzhou Road) and look west. The road in front of you has four lanes, not eleven; the traffic you cannot see is in two decks beneath your feet. The terrace itself did not exist before 2010.
Walk the ramps. Between Nanjing Road and Yan’an Road the levels are joined by long, shallow ramps rather than stairs. The 3–4 per cent slope was a design target, chosen for crowds.
At No. 12 (No. 12, the former HSBC Building), the name over the door is SPD Bank’s. This was the city government’s headquarters until 1995. The bank paid 1.7 billion yuan for the building in a swap in 1997.
Compare three doors that did not change hands: the Customs House (Customs House), still customs; the former Bank of Communications at No. 14 (Bank of Communications Building (Municipal Trade Union)), still the trade unions; and, by 2019, the archives.
At the north end, stand by the Waibaidu Bridge and look at the hotel and the tall brick block across the creek, the Astor House Hotel (Pujiang Hotel) and Broadway Mansions (Shanghai Mansions). The tunnel passes under this junction within two or three metres of both.
What has gone: the eleven-lane road (now four traffic lanes plus two for bus stops), the Wusong Road sluice bridge over Suzhou Creek, and the gate and wall at the west entrance of Huangpu Park. What stayed: the pedestrian subways at Beijing Road and Nanjing Road, which the 2008 design kept while moving most crossings back to street level.
From Pudong, look back across the river. The 2025 plan was written for that view: nothing new behind the row should show above it, apart from what the plan allows west of the historic area.
Places mentioned
Tap a name in the text, or “map” in this list, to see where it is; names with their own page link to it.
- 01No. 12, the former HSBC Building中山东一路12号mapCity government offices until 1995; acquired by Shanghai Pudong Development Bank in a swap on 12 December 1997 for 1.7 billion yuan.
- 02Customs House海关大楼mapStill Shanghai Customs in 2019, one of three riverfront buildings not swapped.
- 03Bank of Communications Building (Municipal Trade Union)交通银行大楼(市总工会大楼)mapHome of the Municipal Federation of Trade Unions; not swapped as of 2019.
- 04No. 1, the Asia Building亚细亚大楼mapFirst of the nine buildings named in the 1996 national listing, as Huangpu District counts it.
- 05Chen Yi Square, at Nanjing Road陈毅广场Enlarged in 2009–10 to about 2,858 square metres around the Chen Yi statue.approximate position
- 06Bund finance square, at Fuzhou Road外滩金融广场(福州路口)A new 4,900-square-metre platform at mid-height, the largest of the four squares in the 2009 plan.approximate position
- 07Gutzlaff Signal Tower square外滩气象信号台广场mapA 2,566-square-metre square at Yan'an Road was laid out around the tower in 2009–10.
- 08West entrance of Huangpu Park黄浦公园西侧入口Gate, wall and small buildings removed for a 1,884-square-metre plaza linked to the Rockbund green.approximate position
- 09Waibaidu Bridge外白渡桥mapTaken away for repair while the tunnel was dug beneath, then put back.
- 10Astor House Hotel (Pujiang Hotel)浦江饭店mapThe tunnel passes 1.7 metres from it.
- 11Broadway Mansions (Shanghai Mansions)上海大厦mapEighteen storeys; the tunnel passes 2.8 metres from it.
Places in this story

Building· 1921–1923
HSBC Building
上海浦东发展银行大楼Shànghǎi Pǔdōng Fāzhǎn Yínháng Dàlóu
Palmer & Turner's 1923 head office for HSBC, the widest building on the Bund, with a mosaic dome hidden under paint from 1956 to 1997; now SPD Bank.

Building· 1925–1927
Customs House
上海海关大楼Shànghǎi Hǎiguān Dàlóu
Shanghai's 1927 Customs House by Palmer & Turner, whose clock tower, with a Joyce clock first struck in 1928, still sounds the hours over the Bund.

Building· c. 1946–1948
Bank of Communications Building
上海市总工会大楼Shànghǎi Shì Zǒnggōnghuì Dàlóu
The last building finished on the Bund before 1949: Gonda's late Art Deco Bank of Communications of 1948, now the city's Federation of Trade Unions.

Building· 1913–1916
Asia Building
亚细亚大楼Yàxìyà Dàlóu
Bund No. 1: the 1916 McBain Building, home of the Asiatic Petroleum Company from 1917 and now an art venue with the Shanghai Jiushi Art Museum.

Building· 1907–1908
Gutzlaff Signal Tower
外滩信号台Wàitān Xìnhàotái
The 1907–08 concrete weather and time-signal tower at the south end of the Bund, moved 22.4 m in 1993 to widen the road; now a history display and café.

Bridge· 1906–1907
Waibaidu Bridge
外白渡桥Wàibáidù Qiáo
Riveted steel truss bridge of 1907 over the mouth of Suzhou Creek, the first steel bridge on the creek; its name recalls a toll-free crossing of the 1870s.

Building· c. 1906–1911
Astor House Hotel
浦江饭店Pǔjiāng Fàndiàn
Shanghai's first Western hotel, founded 1846 and rebuilt c.1907–1911 by Waibaidu Bridge; site of the 1990 stock exchange, now a securities museum.

Building· 1930–1934
Broadway Mansions
上海大厦Shànghǎi Dàshà
Brown-brick Art Deco tower of 1934 at the north end of Waibaidu Bridge, built as a hotel and apartments for foreigners; renamed Shanghai Mansions in 1951.
Sources
- 1.Huangpu District: urban renewal action plan for the Bund second-facade area (黄浦区外滩第二立面区域城市更新行动计划), 上海市黄浦区人民政府, 上海市黄浦区人民政府, 2023 — §2 更新区域范围, p. 2official-list
- 2.The Bund's B side: from Sichuan Middle Road to North Suzhou Road (魔都漫步|外滩B面,向新而行——从四川中路到北苏州路), 沈思睿(上海市地方志办公室), 澎湃新闻, 2022 — opening sectionarticle
- 3.Municipal government press conference on the protection of historic townscape (Planning Bureau director Mao Jialiang), 22 August 2008 (市政府新闻发布会介绍上海开展城市历史文化风貌保护工作情况), 毛佳樑, 上海市人民政府, 2008 — paras 3–4; paras 4–5; annex 1; para 8; para 3website
- 4.How urban renewal keeps cultural memory (Jiefang Daily, reposted by the Planning and Natural Resources Bureau) (城市更新如何记住文化乡愁), 解放日报;上海市规划和自然资源局, 2024 — section on the 1980s surveyarticle
- 5.The Bund building group series, part 4 (Shanghai Urban Construction Archives) (“上海外滩建筑群”系列推送第四期), 上海城建档案, 澎湃新闻·澎湃号, 2023 — part 4article
- 6.Huangpu District government reply to CPPCC proposal 0074 on a World Heritage bid for the Bund (2024) (黄浦区人民政府对市政协十四届二次会议第0074号提案的答复(黄府督复〔2024〕18号)), 上海市黄浦区人民政府, 上海市黄浦区人民政府, 2024 — §1 基本情况, pp. 1–2; §1 and closing sectionofficial-list
- 7.Shanghai People's Congress Standing Committee announcement no. 70: Regulation on the protection of historic areas and outstanding historic buildings (2002) (上海市人民代表大会常务委员会公告(第七十号):上海市历史文化风貌区和优秀历史建筑保护条例), 上海市人民代表大会常务委员会, 上海市人民政府, 2002 — announcement no. 70official-list
- 8.Municipal government press conference transcript, 26 April 2006 (市政府新闻发布会实录(2006年4月26日)), 焦扬(新闻发言人), 上海市人民政府, 2006 — answer on historic areaswebsite
- 9.The Bund historic area (Shanghai Urban Construction Archives) (申城记忆 | 经典上海——外滩历史文化风貌区), 上海城建档案, 澎湃新闻·澎湃号, 2020 — openingarticle
- 10.The Bund named in the first batch of China historic and cultural districts (外滩入选首批中国历史文化街区), 祝越, 文汇报, 2015article
- 11.A century-old building beside the Bund reopens (Shamei Building) (阳台上就能拍到东方明珠,外滩旁这幢百岁“古董建筑”焕新亮相), 上观新闻(解放日报), 2021article
- 12.SPD Bank at No. 12 the Bund (浦发银行:在外滩C位传承荣耀), 鲁怡, 澎湃新闻, 2019article
- 13.Bund renewal moves on to the second facade (新貌可期!上海外滩地区城市更新已向“第二立面”建筑群推进), 臧鸣, 澎湃新闻, 2019article
- 14.Press conference on progress of the Bund traffic reconstruction (Huang Rong), 16 September 2009 (市政府新闻发布会介绍外滩地区交通综合改造工程建设进展情况), 黄融, 上海市人民政府, 2009 — §1; §§1–3website
- 15.Press conference on the urban design scheme for the Bund waterfront (Mao Jialiang, Wu Jiang), 28 May 2008 (市政府新闻发布会介绍外滩滨水区城市设计方案主要内容), 毛佳樑;伍江, 上海市人民政府, 2008 — §§1–5website
- 16.Press conference on the Bund waterfront reconstruction (Zhou Wei), 16 September 2009 (市政府新闻发布会介绍外滩滨水区综合改造相关情况), 周伟, 上海市人民政府, 2009website
- 17.Press conference on completion of the Bund reconstruction (Jiang Shujie), 23 March 2010 (市政府新闻发布会介绍上海外滩地区综合改造工程建设和运营准备情况), 蒋曙杰, 上海市人民政府, 2010website
- 18.Implementation plan for renewal units Bund-01 and Bund-02, Huangpu District (2025) (上海市黄浦区外滩-01、02更新单元规划实施方案(暨黄浦区单元规划相关街坊局部调整)), 上海市规划和自然资源局;上海市黄浦区人民政府, 上海市规划和自然资源局, 2025 — §3.1 (6), §3.2.2, §3.7official-list