Pink Dream tells the story of a young novelist who is supported by a loving and hard-working wife. The novelist, however, is drawn to the decadent life of a socialite who introduces him to the dance halls that dot Shanghai. As the film progresses, the novelist soon learns of the emptiness of this urban existence and rejects it as a "pink dream."
A country girl and her boyfriend arrive in Shanghai for a better life. They soon find only desperation. She is raped and falls into prostitution as he drifts into revolutionary circles. Her access through her trade grants her greater access which she uses to aid her revolutionary lover with tragic results.
To please his dying father, Hong Yu, a college student, is forced to abandon his girlfriend, Little Hong, and marry his cousin, with disastrous results.
