A street-wise and tough orphan called Maverick is arrested for a petty theft and sent to an orphanage, but succeeds in concealing a watch he had stolen from an old shopkeeper just before his arrest. At the orphanage, he is recruited by a crooked warder for further and more serious crimes. But when two more children are admitted to the orphanage -- a boy called "Fatty" and a girl called "Little Mouse" -- he makes the first friends he has ever had. But when Maverick learns the girl is the granddaughter of the old shopkeeper he stole the watch from, and what ruin it brought to her family, he has a crisis of conscience.

Chen Shaochang (Shi Hui), a primary school principal widowed at a young age, raises his children alone. His close friend's daughter, Liu Minhua (Zhu Jiachen), whom he hasn't seen for many years, begins working at the primary school through his introduction. Chen Shaochang's son, Jianzhong (Han Fei), and daughter-in-law, Feng Lijun (Li Huanqing), consider Chen's job undignified. After retiring, he is filled with melancholy, understood only by Minhua. Although their relationship deepens, they must contend with the ethical and social norms of Republican-era Shanghai.

Fifty years of modern Chinese history (1900-1950), including wars, revolutions and corrupt politics, as seen through the life and times of a simple Beijing policeman and his family.