A panoramic view of The Bund looking north towards Waibaidu Bridge. Beyond the British flag is the clocktower of the Custom House; the distinctive steepled Sassoon House (now the Peace Hotel) and in the distance Broadway Mansions; completed in 1935.

The tall building under construction next to the Sassoon Building is the future Bank of China Building; construction commenced in 1936 and was completed in 1937; allowing this image to be accurately dated.

The Huangpu River is busy with waterborn traffic and partly concealed by clouds of steam and smoke. The skyline above the Bund and Hongkou District in the distance is heavily polluted.