The Panjiayuan area is located towards the South end of the East 3rd Ring road.

Trading mostly in antiques, handicrafts, ornaments, and other collectibles, Panjiayuan has an annual revenue of several hundred million yuan.

People here come from a variety of backgrounds, there are more than ten minorities of Hui, Man, Miao, Dong, Uighur, Mongolian, Korean, and other ethnic groups of China.

Founded in 1992, this market has developed along with the success in business in folk antiques and handicrafts.

Diffusing Chinese culture, it has become a large, quaintly classical market of antiques and handicrafts.