On November 17, 1843, according to the provisions of the "Nanjing Treaty" between China and Britain, Shanghai was officially opened as a trading port. In accordance with the precedent of the Guangzhou Customs, Shanghai Mutai, Mutai, established the Western Merchant Marine Survey Center here to collect import tax silver, which is the earliest known building in the Bund. At the same time, George Consul, the first British Consul in Shanghai Balfour (1809~1894) negotiated with Shanghai Daodao to delimit the boundary of foreigners' residency. He first saw the land on the Bund. On November 29, 1845, the Bund was formally incorporated into the British Concession according to the "Shanghai Land Constitution" prepared by Shanghai Dadao and the British. As of the end of the year, there were 50 foreigners in Shanghai and 11 in Britain and the United States, forming a small alien society. Most of these people came from Mumbai and Calcutta in India. According to their habits, they also called the Bund "Bund" (the word "Bund" is not an inherent vocabulary of English. It originates from the Indian language, meaning "bank" or " River Embankment"). There are long-term Bunds in the ports of Mumbai and Kolkata, and there are many European businesses along the coast. These newcomers to Shanghai hope that this newly acquired Bund can become a stronghold for trade with the great empire of the Qing Dynasty. The development of modern Shanghai - the process of westernization of the city and the construction of modern cities began here.
In fact, the selection of this site as a place of residence (the British concession) was confirmed after the expedition of Shanghai before the opening of the port. At the time of opening, the British consul Babour cautiously determined the Four Kingdoms and passed the law of the "Shanghai Land Charter." The form is determined. This piece of land in the eyes of the Chinese officials in the city, "a muddy beach, a number of huts," the British people have seen its importance. It is close to commercial developed county towns, and there are no restrictions on city walls, and there is ample room for development. It can communicate with the rich hinterland of the Jiangnan region, and it can go out of the Yangtze River and go deep into the mainland of China. Regardless of whether it is from a political or military perspective or from economic and trade perspectives, it is not only a foothold before deepening the mainland of China, but it is also sufficient to control the throat of the Shanghai county. Controlling it controls Shanghai as a whole. From this point of view, it is easy to understand that Shanghai's urban center of gravity was at the end of the 19th century. It took about half a century to transfer from the Shanghai county to the British concession.