The 6th Hong Kong Awards ceremony, honored the best films of 1986 and took place on 24 April 1987 at Hong Kong Baptist University, Academic Community Hall, Kowloon Tong, Hong Kong. The ceremony was hosted by Carol Cheng and Chung King-fai, during the ceremony awards are presented in 14 categories. The ceremony was sponsored by City Entertainment Magazine.

The 5th Hong Kong Awards ceremony, honored the best films of 1985 and took place on 6 April 1986, at the Regent International Hotel, Hong Kong. The ceremony was hosted by Winnie Yu, during the ceremony awards are presented in 15 categories. The ceremony was sponsored by City Entertainment Magazine.