Abstract: Minshenglu Matou, formerly known as the Blue Funnel Wharf which built by British Butterfield & Swire in 1908, was designated as Shanghai historical and cultural sites under government protection in 2014. In recent years, to develop, utilize, preserve and renovate Minshenglu Matou better, scheme design and function adjustment of multi rounds have been conducted. From the perspective of value interpretation, the historical evolution process of Minshenglu Matou was clarified, the industrial and architectural characteristics as a wharf were extracted, the historical, technological, architectural, landscaped, emotional and other values as industrial heritage were refined, and same suggestions for conservation and utilization, interpretation and presentation were put forward, which could provide reference to the value interpretation of other industrial heritage.