The daily life of ordinary people of Shanghai apartment building: an unemployed person who tries not to lose face by concealing the loss of his job, a singer without an audience, a driver, a teacher, but also the owner of the building and his prodigal son.
A hostess in Shanghai invites her secondary schoolmates to a reunion. They each reminisce about their lives, with some having difficulties in marriage or career. Some led destructive lives, while others contributed to the country.
The first Chinese sound film. It tells the story of Hong Pion (Red Peony), a singer-songwriter who, after her marriage to the depraved Faxiang Chen, not only tormented and suffered, but also endured the decline of her artistic career.
