The International Swimming Federation (FINA) will announce its best athletes of 2017 at an event in Sanya in December, the governing body has announced.
An event to honour the stars of aquatics will be held at the Mangrove Tree Resort World on Sanya Bay on December 2.
It will form part of the World Aquatics Gala, also known as Soirée des Etoiles.
In order to be selected, swimmers need to have amassed points at various FINA events, with results at the World Championships taken into account.
FINA President Julio Maglione said the athletes deserved "the highest recognition" and it was an honour to partner with Chinese company Alisport to present the event.
"We are looking forward to celebrating the brilliant results our best athletes have obtained in their discipline of choice," the Uruguayan said. "They deserve the highest recognition and this special evening will pay tribute to their success. "It is a real honour to partner with Alisport for this prestigious Soirée des Etoiles and Sanya will be the perfect host."
Awards for best male and best female will be handed out across the FINA disciplines of swimming, diving, artistic swimming, open water, water polo and high diving.
Last year, Michael Phelps of the United States and Hungarian Katinka Hosszú were both named as the swimming winners after their outstanding results at the Rio 2016 Olympics in Brazil. Phelps won six medals, including five gold, while Hosszu won three gold medals in the 100 metre backstroke, 200m individual medley, where she set a new Olympic record in the process, and the 400m individual medley in which she broke the world record.