The Harbin Flood Control Victory Monument was built on October 1, 1958, to commemorate the people of Harbin's triumph over the "1957 Great Flood." It was designed by Soviet architect Bagis Zherebov and the second-generation architect from Harbin Institute of Technology, Li Guangyao. The location of the tower was chosen by Lü Qien, who was the mayor of Harbin at the time. The Harbin Flood Control Victory Monument is one of the youngest protected buildings in Harbin since the city’s founding.

The Harbin Flood Control Victory Monument is composed of four parts: the base, the tower body, the fountain, and the surrounding corridor and square. The base of the tower is square, narrowing as it rises, and is constructed from dark green granite, making it exceptionally sturdy and durable. At the top of the base, wave-like cement bars are embedded with 24 life-sized bronze relief sculptures of figures. The tower stands 22.5 meters tall, with an elliptical shape formed from 20 concave granite blocks. At the top of the tower, a 3.5-meter-tall statue of workers, farmers, soldiers, and intellectuals is sculpted, representing scenes from the flood control efforts, which also included Russian participants.

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The layout surrounding the monument features 20 Corinthian columns behind the tower, connected by a wide band at the top, forming a 35-meter-long semicircular Roman-style colonnade. The two-tiered water pools at the base of the tower mark the flood levels of the catastrophic floods in 1957 and 1932. Above the pools, a golden metal line on the base marks the historical highest flood level reached on August 22, 1998, during the devastating flood of that year.

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In 1990, the Harbin construction department installed a large musical, sound-controlled, colored fountain in the pool in front of the monument.