20世纪30年代，鱼龙混杂的上海滩，在时代浪潮的推动下激荡出变幻莫测的涛声。因乡下匪患严重，上海裕华丝厂总经理吴荪甫（李仁堂饰）将父亲接到上海，谁知老人舟车劳顿不久便去世。盛大的葬礼上，吴接受商界名流孙吉人、王和甫等人的建议，决定合资筹办益中信托公司。重利轻义的吴荪甫企图趁机吞并举步维艰的民族企业德丰丝厂，为此不惜伤害底层工人的利益。在此之后，买办资本家赵伯韬与吴取得联系，希望与之合作。谁知赵紧抱美国大腿企图建立托拉斯，踌躇满志的吴荪甫反倒成为对方意图吞并的对象。时代的乱流中，所有人都被卷了进来，无法自主…… 　　本片根据茅盾的同名小说改编。

In 1930's Shanghai, Wu Sunpu, chief executive of the Shanghai Yuhua Silk Company, faces many struggles: with plant workers, with strikers, others in his industry, and most of all with bourgeois comprador Zhao Botao. Capitalists and other figures in Shanghai's industrial and commercial community come and go. The strategy finally comes down between Wu and Zhao. Zhao plans to take over Wu Sunpu's plant with support from Americans. Wu faces a choice of surrender to Zhao or bankruptcy. He considers suicide, but decides to go on vacation with his wife on Mount Lushan. When they leave Shanghai at midnight, Wu paces the deck of the ship, reviewing his life and fate.

上海的美丽与哀愁。吴赵斗法我之见。早期上海滩：实体产业和金融资本的虚实之争。从我们不远的过去淘宝。为了不看书看了电影。书与电影。深刻地揭示了我国民族资产阶级的软弱性。那个时代坚定搞民族工业的实业家都是英雄。民族资本家黎明前的困斗。比短评长一点点的影评（Mdnight）。