It is located in southeast Beijing, near the Panjiayuan Bridge, East 3rd Ring Road South, Chaoyang District. It covers an area of 48,500 square metres (522,000 sq ft), of which 26,000 square metres (280,000 sq ft) are for business. There are over 4,000 shops in the market, with nearly 10,000 dealers.
Products sold at the market include: snuff bottles made in Hengshui, Yangliuqing New Year paintings, embroidery made in Jiangsu, wood carvings from Dongyang, stone carvings from Quyang, shadow play paraphernalia from Shandong, porcelain and crystal ornaments from Jiangxi, boccaro wares from Yixing, bronze wares from Shaanxi, costumes from Yunnan, Tibetan Buddhist articles, white jade from Xinjiang, and Jiaozhi pottery from Taiwan. These folk handicrafts are gathered in the market before being distributed all over the world.
Not all the antiques are genuine, so if one needs certainty, then it is best to shop elsewhere.
This spontaneous market came into being in 1992 as a roadside market. As trade in folk antiques and handiwork grew, it had become a large antique and handiwork market spreading folk culture in 2002. Many Chinese antique collectors believe that they started their career in Panjiayuan[citation needed].
In 2004, at the prize-awarding ceremony of the first Annual Top Ten Lists of Collection in China, the market was elected one of the top ten antique markets in China[citation needed].
