The Award for the March 8 Red-Banner Holders, Pacesetters and Collectives has been organized by the All-China Women's Federation since 1960. The award is an honor for exemplary workers or collectives who have made extraordinary achievements in building socialism. The award intends to motivate women to actively participate in social and economic development. "March 8 Red-Banner Holders, Pacesetters and Collectives" is a title for outstanding Chinese women. 

The All-China Women's Federation held a selection event for the March 8 Red-Banner Holders, Pacesetters and Collectives for the first time in 1960. The winners were mostly exemplary workers in agriculture or industry. 

The All-China Women's Federation holds an award ceremony on March 7, 2011, honoring this year's March 8th National Red-Banner Pacesetters and collectives and outstanding rural women and collectives who have distinguished themselves in the Women of Great Achievements Campaign. [Women of China/Cheng Jingjing]

Since the implementation of the Reform and Opening-up Policy, the All-China Women's Federation has awarded people every year for their work. The award winners are from all walks of life, such as female athletes who have won some major events; women who protect the lives or public property of others, or female exemplary workers. 
 
The Federation has dedicated the Awards for March 8 Red-Banner Holders, Pacesetters to 27,880 women and the Awards for March 8 Red-Banner Collectives to 3,983 units by 2000.