In the early years, the markets in Beijing, which were dominated by selling groceries, vegetables and fruits, opened in the middle of the night and dispersed at dawn. The stall owners use kerosene lamps to get the light, and the light looks dim in the distance, hence the name "ghost market". However, ghost characters are indecent after all, so Dongcheng District is considering renaming Ghost Street. Later, it was found that there was a word "Gui" with different sounds and characters in the dictionary, which was also related to eating, so it was called Gui Street.

Ancient Street is located in Dongzhimen, the west section of Dongzhimen overpass on the Second Ring Road, and the east end of Jiaodaokou East Street in the west. There are many embassies around Guijie Street, which also facilitates foreign tourists and foreign staff in Beijing to taste authentic China cuisine. The operation of Guijie Street is largely due to the hot market. The dining pattern of Guijie Street is dumbbell-shaped, with two big ends and a small middle. The most popular restaurants are at the east and west ends.