The Bund (, Shanghainese romanization: Nga3thae1, , ) is a waterfront area and a protected historical district in central Shanghai. The area centers on a section of Zhongshan Road (East Zhongshan Road No.1) within the former Shanghai International Settlement, which runs along the western bank of the Huangpu River in the eastern part of Huangpu District. The area along the river faces the modern skyscrapers of Lujiazui in the Pudong District. The Bund usually refers to the buildings and wharves on this section of the road, as well as some adjacent areas. This region has a significant European influence, with the style of many structures most comparable to that of European cities, particularly Gothic, Baroque, Neoclassical, Romanesque, Art Deco, and Renaissance architecture. Additionally, some of the city's top eateries are located there. From the 1860s to the 1930s, it was the rich and powerful center of the foreign establishment in Shanghai, operating as a legally protected treaty port.
Name
The term "bund" was borrowed into English from Hindi and originally referred to a dyke or embankment. Within the Chinese treaty ports, it was applied specifically to an embanked quay which ran along the shore. The Chinese name for the Bund is unrelated in origin: it literally means "outer bank", and distinguishes this part of the riverfront from the "inner bank" adjacent to the old city of Shanghai.
History
The Shanghai Bund has dozens of historical buildings, lining the Huangpu River, that once housed numerous banks and trading houses from the United Kingdom, France, the United States, Italy, Russia, Germany, Japan, the Netherlands, and Belgium, as well as the consulates of Russia and Britain, a newspaper, the Shanghai Club and the Masonic Club. The Bund lies north of the old, walled city of Shanghai. It was initially a British settlement; later the British and American settlements were combined in the International Settlement. Magnificent commercial buildings in the Beaux Arts style sprang up in the years around the turn of the 20th century as the Bund developed into a major financial center of east Asia. Directly to the south, and just northeast of the old walled city, the former French Bund (the quai de France, part of the Shanghai French Concession) was of comparable size to the Bund but functioned more as a working harbourside.
By the 1940s, the Bund housed the headquarters of many, if not most, of the major financial institutions operating in China, including the "big four" national banks in the Republic of China era. However, with the Communist victory in the Chinese Civil War, many of these financial institutions were gradually moved to Hong Kong in the 1950s. Hotels and clubs were closed or converted to other uses. The statues of colonial figures and foreign worthies which had dotted the riverside were also removed.
Post Cultural Revolution
In the late 1970s and early 1980s, with the thawing of economic policy in the People's Republic of China, buildings on the Bund were gradually returned to their former uses. Government institutions were moved out in favour of financial institutions, while hotels resumed trading as such. Also during this period, a series of floods caused by typhoons motivated the municipal government to construct a tall levee along the riverfront, with the result that the embankment now stands some 10 metres higher than street level. In the 1990s, Zhongshan Road (named after Sun Yat-sen), the road on which the Bund is centred, was widened to ten lanes. As a result, most of the parkland which had existed along the road disappeared. Also in this period, the ferry wharves connecting the Bund and Pudong, which had served the area's original purpose, were removed. A number of pleasure cruises still operate from some nearby wharves.
In the 1990s, the Shanghai government attempted to promote an extended concept of the Bund to boost tourism, and land value in nearby areas, as well as to reconcile the promotion of "colonial relics" with the Socialist ideology. In its expanded form, the term "Bund" (as "New Bund" or "Northern Bund") was used to refer to areas south of the Yan'an Road, and a stretch of riverfront north of the Suzhou River (Zhabei). Such use of the term, however, remains rare outside of tourism literature.
On March 28, 2010, the eve of the opening of the World Expo, the Bund fully completed its renovation project.