The 7th Hong Kong Awards ceremony, honored the best films of 1987 and took place on 10 April 1988 at Hong Kong Academy for Performing Arts, Wan Chai, Hong Kong. The ceremony was hosted by Lydia Shum and Paul Chung, during the ceremony awards are presented in 14 categories. The ceremony was sponsored by City Entertainment Magazine.

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.