Because it had a narrow frontage onto the Bund, the main door was located on the adjacent Guangdong Road.

Being unable to indemnify war damages, the insurance companies had their assets frozen.

In 1949 the Union Bank evacuated from Shanghai in the wake of the Communist takeover.

In 1997 a private equity fund from Singapore purchased the building, and in 2004 converted it to a shopping centre, called "Three on the Bund".

He hailed his efforts as a model of adaptive reuse and won the 2006 design in Asia award.