The first World Chinese Assembly was held on November 22, 2019. Around 300 participants, including prominent Chinese leaders and speakers from 13 nations and regions, joined the spectacular event. During the event, The Chinese Peace Prize proposal was first introduced, to be awarded to recipients of Chinese nationality, overseas Chinese or diaspora Chinese whose contributions to society have conferred great benefit to humankind. The goal is not only to acknowledge model world citizens of Chinese origin, but also to encourage Chinese communities to reflect on and emulate their virtue. The participants unanimously agreed to adopt this proposal. The founders of this award look forward to its positive impact on the peaceful and virtuous development of Chinese communities.