The Lao She Literature Award, Mao Dun Literature Award, Lu Xun Literature Award, and Cao Yu Drama Literature Award are collectively known as the four major literary awards in contemporary China. \x0d\　Lao She Literature Award: This award is currently the highest-finance literary award in China. It is a comprehensive literary and art award for the whole country. It is held every three years and is jointly organized by the Lao She Literary and Art Foundation and the Beijing Federation of Literary and Art Circles. Established in May 1988, the Lao She Literature Award awards are the Novel Award, the Novella Award, the Prose Award, the Drama Script Award and the Youth Drama Literature Award. \x0d\ Mao Dun Literary Award: This award is the first literary award named after an individual established in China, and only rewards the creation of full-length novels. The Mao Dun Literary Award is sponsored by the Chinese Writers Association. Founded in 1982, the award is held every four years. \x0d\　Lu Xun Literary Award: This award is to encourage the creation of outstanding novellas, short stories, reportage, poetry, prose, essays, literary theory and critical works, encourage the translation of outstanding foreign literary works, and promote the cause of socialist literature Established for prosperity and development. Founded in 1986. In 1997, the first awards process was officially launched. Sponsored by the Chinese Writers Association, the selection is held every three years. \x0d\　Cao Yu Drama Literature Award: This award is a national award for outstanding script creation and represents the highest level of Chinese drama creation. Its predecessor was the National Outstanding Script Award founded in 1980. In 1994, the award was renamed the Cao Yu Drama Literature Award. Currently, the selection is held annually, and 10 official awards and 10 nomination awards are awarded in each session.