The film Who Holds Who? tells the story of two men who look alike but come from vastly different backgrounds: Qian Fusheng, a successful entrepreneur, and Fan Dazhi, a rural migrant worker. Due to a twist of fate, they accidentally switch roles, setting off a chain of comical and unexpected events. Their journey prompts both men and those close to them, including family, lovers, and friends to re-evaluate their lives and values.

When a celebrated Chinese opera troupe loses its sponsorship funding, the laid-off performers must seek out temporary jobs in a wide spectrum of fields. But all along, they yearn to reunite their company and perform again.