2:46 - At the beginning two women are swimming naked but nothing is shown.

Two characters kiss and she takes her shirt only her bare back is shown. Then it cuts and nothing more is shown. Sex is implied. The kissing starts at 46:52.

When the main lead looks in his pants after visiting the jade shop. He just talks about it nothing else is shown

Some action violence and sword fighting.

Mostly mild language.

A character smokes a pipe.

A character is smoking from what resembles an opium pipe.

One character is shown drinking alcohol and being slightly intoxicated.