Neighborhood Walk: The Bund

Start at the Bund Historical Museum in Huangpu Park to see its collection of vintage photos, showing the city when it was known variously as the Whore of Asia and Paris of the East. Make a reservation at M on the Bund (No. 5) for lunch, and before or after take a look at Three on the Bund for its shops and gallery, then stroll down the riverfront for local color. Stop at the HSBC Building (No. 12) for its mosaics from the 1920s and the Fairmont Peace Hotel (No. 20) to get a sense of Shanghai history. Turn down Fuzhou Lu and visit the shops Suzhou Cobbler and Blue Shanghai White at No. 17 for gifts, or seek out Annabel Lee for embroidered fashion and accessories. End with cocktails at the Peninsula's Salon de Ning for a romantic, hushed setting.