[5] The Banque de l'Indochine established a branch in Shanghai in 1899,[6] within the French concession.

[7] The Comptoir national d'escompte de Paris was a major shareholder of the Russo-Chinese Bank and the Banque de l'Indochine, and when the Russo-Chinese Bank opened its branch in Shanghai in 1896, it was housed in No.29, The Bund.

The original building at No.29, The Bund, was previously owned by the Bank of Hindustan, China and Japan and was a two-storey brick and timber East Indian-style house.

In 1902, the Russo-Chinese Bank bought No.15, The Bund, after the bankruptcy of its previous owner, Dent & Co.

The branch was mainly used for issuing banknotes, taking in deposits, and supporting French businesses in China.

However, the Banque de l'Indochine could continue its services because of the neutrality of Vichy France.

During World War II, the formation of Vichy France meant that the Banque de l'Indochine was still able to operate normally.

The main entrance is slightly larger than the other four window openings next to it in order to enhance it visually.

The columns at the main entrance and running through the second and third floors are made of polished Qingdao granite.

When it was first built, the centre of the first floor was the bank's hall, a large space supported by six Ionic columns.

At the same time, the size of the company signage was reduced, and the material was changed from high-gloss to Matte.

[20] The main door on the west facade was restored to its original Baroque style, with wooden parapets and marble floor with ceramic mosaic tiles.