Panjiayuan Flea Market is located southwest of Panjiayuan Bridge on East Third Ring Road South in Beijing, covering an area of ??48,500 square meters. The market is divided into six business areas: stall area, ancient building area, classical furniture area, modern collection area, stone carving area, and catering service area.

Mainly engaged in antique items, jewelry and jade, handicrafts, collectibles, and decorations, with an annual turnover of billions of yuan. The market has more than 4,000 merchants and nearly 10,000 business people.

60% of the operators are from 28 provinces, municipalities and autonomous regions outside Beijing, involving Han, Hui and Manchu. , Miao, Dong, Uyghur, Mongolian, Korean and other more than a dozen ethnic groups.

The market was formed in 1992 and gradually developed with the rise and activity of folk antiques and art transactions. It has become an antique large-scale antiques and art market that spreads folk culture.

In 2004, Panjiayuan Flea Market was rated as one of the "Top Ten Antique Markets in the Country" through public voting at the "First Annual Ranking Award Ceremony of China's Collectors Industry".

"Panjiayuan" has become the carrier of regional culture, a unique cultural symbol, a title that affects local feelings, and an intangible asset in the cultural treasure house of the Chinese nation.

The handicraft greenhouse was completed and put into use at the end of October 2001. Every day, many professional or amateur calligraphers and painters sell their calligraphy and painting works directly here, so the prices are cheaper than elsewhere. Many galleries in Beijing also purchase goods from here. The Panjiayuan branch of the Peking University Gemstone Appraisal Center has also entered the flea market to regulate the market and protect consumer rights.

There are many stalls selling old calligraphy and paintings in Panjiayuan Market, especially promotional posters from various eras. They are important props in film and television works that reflect the characteristics of the times, and are also the objects of collection by some people.