As the only ancient town forming part of greater Shanghai, with a history spanning over one thousand years, Qibao is more than just a living fossil of ancient Chinese conurbation and urban planning. The town was built in Northern Song Dynasty (960-1126) and grew into a prosperous business center during Ming (1368-1644) and Qing Dynasties (1644-1911). Qibao is Yangtze River cruises the Chinese for 'seven treasures' and there are two popular theories about its derivation. The more reliable one says that the name originates from the Qibao Temple, famed for its good reputation. It was this that contributed to the growth of business and culture of the previously unknown town.
The other theory seems more popular among the local people who tell folk tales about seven treasures. These were an iron Buddha made in Ming Dynasty, a bronze bell also dating from the Ming Dynasty but said to have mysteriously appeared from nowhere, a Gold Script Lotus Sutra written by an imperial concubine of the 10th century, a one-thousand-year-old China business travel Chinese catalpa tree, a jade axe, a gold cockerel and a pair of jade chopsticks. Actually of these seven treasures, the existence of only first four can be verified while only the Scripture and the bell have survived to this day.
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