1942, Nanjing (Nanking). Following a series of assassination attempts on officials of the Japanese-controlled puppet government, the Japanese spy chief gathers a group of suspects in a mansion house for questioning. A tense game of "cat and mouse" ensues as the Chinese code-breaker attempts to send out a crucial message while protecting his/her own identity.

"Farewell, My Concubine" is a movie with two parallel, intertwined stories. It is the story of two performers in the Beijing Opera, stage brothers, and the woman who comes between them. At the same time, it attempts to do no less than squeeze the entire political history of China in the twentieth century into a three-hour time-frame.