The building was designed in a modern Art-Deco style, combined with Chinese elements, by Hungarian architect C. H.
[1] It is an eight-story concrete-frame structure, framed by black marble around the doors.
The building is now occupied by the offices of the Shanghai Federation of Trade Unions.
[2] The first European buildings on the site were constructed in 1880,[citation needed] after several German banks joined with a local Chinese businessman to form the Deutsch-Asiatische Bank.
After the Japanese surrendered in 1945 the bank returned, and completed its construction of the current building in 1948.