It is located in southeast Beijing, near the Panjiayuan Bridge, East 3rd Ring Road South, Chaoyang District.
The market is divided into five parts: Middle Area has four zones: On weekends the number of customers reaches 60,000~70,000 a day, including over 10,000 foreigners[citation needed].
Dozens of important foreign politicians, such as Hillary Clinton, Speaker of the U.S. House of Representatives Dennis Hastert, Greek Prime Minister Costas Simitis, Romanian Prime Minister Nastase, Sri Lankan President Chandrika Kumaratunga, and Thai Princess Sirindhorn have visited the market.
Products sold at the market include: snuff bottles made in Hengshui, Yangliuqing New Year paintings, embroidery made in Jiangsu, wood carvings from Dongyang, stone carvings from Quyang, shadow play paraphernalia from Shandong, porcelain and crystal ornaments from Jiangxi, boccaro wares from Yixing, bronze wares from Shaanxi, costumes from Yunnan, Tibetan Buddhist articles, white jade from Xinjiang, and Jiaozhi pottery from Taiwan.
Many Chinese antique collectors believe that they started their career in Panjiayuan[citation needed].