"Master Li" (Chow Yun-Fat) asks his lifelong friend "Yu Shu Lien" (Michelle Yeoh) to take his legendary sword "Green Destiny" and deliver it to "Sir Te" (Sihung Lung) at the Imperial court. Turns out, though, that security there isn't so hot and the sword is stolen by a very able and nimble thief who only just escapes the pursuit of "Shu Lien" - who reckons she really knows whom the thief is. A visit to "Jen" (Ziyi Zhang) and the swift return of the sword seem to confirm her suspicions but then the sword is stolen again and aside from narking "Sir Te" this sets up a series of adventures for "L...