In Shanghai in 1937, a journalist meets and falls for a woman who refuses to tell him her name, referring to herself only as "Ghost". She disappears, and his efforts to find her lead the journalist to clear up an old, unsolved murder case.

In the late 1930s, the Japanese army occupies Shanghai. Barber Lu Ping kills a Japanese officer by accident and then escapes from Shanghai to the residence of his master's brother, Song Fengnian. When he arrives at the small town, he falls in love with Song's daughter Jiayi at the first sight. However, Jiayi has had the engagement with an officer for a decent life in the wartime, even as concubine. After the victory of the Anti-Japanese War, Lu is sentenced to death as a traitor because Song, his boss, has worked for the Japanese. When he closes his eyes and waits for the sound of shot, Jiayi rescues him. Arranged by her husband, Lu becomes an officer. However, he can never forget Jiayi and his barber life. After the end of the Civil War, Lu is sent to work on a farm in the northwest. There he learns that Jiayi doesn't leave with her husband and has been waiting for him at the small town where they meet for the first time. Lu decides to look for Jiayu.

Several members of a Nationalist Chinese Army unit that is trapped between Japanese forces and another Chinese unit take revenge when their unit is almost wiped out.

Winner of the Hundred Flowers Award for Best Film in 1984