The Old Bund (simplified Chinese: 老外滩; traditional Chinese: 老外灘; pinyin: Lǎo Wàitān; Ningboese: lau2 nga3thae1), originally known as the North Riverbank (Chinese: 江北岸; pinyin: Jiāngběi'àn; Ningboese: kaon1poh4nge3), is a waterfront area in Jiangbei District, Ningbo.
The North Riverbank was the result of Treaty of Nanking, and witnessed the initiation and development of Ningbo Commercial Group.
However, ships could not make it into the ancient port, and therefore the North Riverbank came into being.
[1] In 1844, Ningbo was officially opened as a trading port, the North Riverbank was hence the residential spot for foreign merchants.
In 1927, the Chinese government regained the administration of the Old Bund, and it became an important transportation terminus for both passengers and cargo.