The award curated by the Rockbund Art Museum in Shanghai has been shedding new light on Asia as a cultural region since 2013. It offers young artists the opportunity to present their work and networking across international borders. Thus, the award accounts for the dynamism in the Asian region and contributes to illustrating the diversity and differences between these regions. 

Curated by the Rockbund Art Museum in Shanghai, the prize, which carries a stipend of CNY 300,000, is awarded every other year. A group exhibition of the nominated artists is part of the project. The jury, made up of international experts, selects the winner on the basis of this exhibition. Artistically, the range of the works shown at the Rockbund Art Museum stretches from painting through sculpture, installation, video art and performance art. The focus is on young artists whose works already show signs of their future significance for the Asian art scene.