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The first new building to be constructed on the Bund in 60 years, the terraced, granite Peninsula opened in October 2009. Celebrating the city’s Roaring Twenties, the standalone hotel creates a grand sense of arrival with a sweeping driveway. Art Deco design elements occur throughout the property, and traditional decor employs lacquer, marble, granite, wood, and original art. Rooms and suites come with spacious dressing rooms with a full-length valet box for discreet delivery of laundry and packages; they also feature Peninsula’s industry-leading, intuitive in-room technology, with room functions controlled at the touch of a button, and VOIP telephones that allow guests to make free local and international calls. For arrival and departure in style, book the hotel’s Rolls-Royce Phantoms or 1934 Rolls-Royce Phantom II. The property also has China’s first hotel private yacht, a British-built Princess 54 model.

The tallest hotel in mainland China occupies floors 79 to 93 of the Shanghai World Financial Center, the 101-story skyscraper made by Mori Building, developer of Tokyo’s Roppongi Hills complex. As expected, any room or public area in the property likely has jaw-dropping views. Interiors mirror the aesthetics of a cultured modern Chinese residence, with sequences of gates, halls, and chambers as thoroughfares, and earth tones complementing natural materials. Monochromatic rooms have walls finished in linen, lacquer, and slatted-wood panels, with generous daybeds, 24-hour butler service, and plasma televisions embedded in the bathrooms’ vanity mirrors. But really, no amenity can top the incredible views.

Architecture lovers flock to the Huangpu River’s western side to stroll the Bund, a waterfront tourist magnet in central Shanghai. There’s a glorious mishmash of late-19th- and early-20th-century styles here, from Gothic revival to art deco. Walk by the Fairmont Peace Hotel—first opened in 1929 as the Cathay Hotel—to behold its copper pyramid roof turned aqua with age. (Talk about aging gracefully.) Then hit the marble-floored HSBC Building (No. 12) to admire the domed ceiling’s eight mosaic murals, with frescoes depicting the 12 zodiac signs.

Wang Wei and her husband, Liu Yiqian, are voracious collectors of Chinese art, both contemporary and traditional. The first Long Museum opened on the Pudong side of the river, in the suburban neighborhood of Jinqiao; the second is located on West Bund, a mere 15 minutes’ walk from the Yuz Museum. The building, done by lauded Shanghai architects Atelier Deshaus, might just stun you, with its enormous ceilings and open rooms that flow one into the other. Most exhibitions are of Chinese artwork—past shows include a retrospective of the work of cartoonist Zhang Guangyu and a selection of Qing Dynasty paintings. But big-name Western artists also show here, among them James Turrell and Olafur Eliasson.