199 July19, the All-China Women's Federation and China Women's Development Foundation held a press conference in Beijing, announcing the formal establishment of China Women's Football Development Fund. This is a special fund set up by the All-China Women's Federation in the China Women's Development Foundation, aiming at further promoting the popularization of women's football in China and improving the level of women's football in China. According to the relevant national laws and regulations, the articles of association of China Women's Football Development Fund will be formulated and donations from all walks of life at home and abroad will be accepted; Establish a fund management committee composed of donors, social leaders, experts and scholars, excellent athletes, coaches and referees, and set up a fund advisory and supervision committee. The All-China Women's Federation has the right to manage and supervise the operation and use of funds.