Turfed out of his gaff by an evil uncle, penniless scholar Lang (Li-Hua Yang) sets up home in an abandoned haunted house, where he meets a beautiful young woman, Ruyu (Mei-Yao Chang) and her mother, who has been seriously wounded by bandits. After the old woman dies, Lang and Ruyu fall in love and make a spot of dosh weaving cloth. The couple's bliss comes to an end when Ruyu is kidnapped, raped and poisoned. While Lang hunts for his missing partner, Ruyu comes back as a ghost to seek revenge.
Shaw Brothers' tragic romantic ghost story is definitely one of their lesser supernatural flicks. The film's biggest problem is the casting of Li-Hua Yang as scholar Lang. I know there is a tradition of female characters posing (unconvincingly) as men in Chinese cinema, but Lang isn't a woman in disguise - she is a he in this film, but still very obviously a woman, which makes the scholar's romance with the beautiful Ruyu both unintentionally funny and impossible to swallow.
The other big hurdles for me are the pacing, the film seriously dragging while Lang pines for his missing wife, and the actual ghostly content, which doesn't arrive till very late in the day, and which really isn't that great, the spooks (for there are more than one) not at all scary, unless one has a serious phobia about women waggling their long finger nails in your face. The end is a big damp squib, Lang never finding out what happened to Ruyu.
The Enchanting Ghost is mildly interesting in that it may well have influenced the far superior A Chinese Ghost Story, but the film really isn't worth going out of your way to find.