The 23rd Golden Horse Awards (Mandarin:第23屆金馬獎) took place on November 29, 1986 at the Taipei Municipal Social Education Hall in Taipei, Taiwan.

Winners and nominees

Winners are listed first and highlighted in boldface.

Terrorizers Reunion A Better Tomorrow The Lunatic The Heroic Pioneers Passion殺戮戰場的邊緣 吸煙為了什麼 南迴鐵路工程 山水有情 舵John Woo — A Better Tomorrow Li Hsing — The Heroic Pioneers Sylvia Chang — PassionLee Daw-ming — 殺戮戰場的邊緣 Cheng Hsien-chih — 南迴鐵路工程 Yu Wei-cheng — 舵Ti Lung — A Better Tomorrow Chow Yun-fat — A Better Tomorrow Kent Cheng — Why Me?Sylvia Chang — Passion Loretta Yang — This Love of Mine Cora Miao — TerrorizersPaul Chun — The Lunatic Waise Lee — A Better Tomorrow Lung Ming-yan — The Law EnforcerCora Miao — Passion Chiao Chiao — Why Me? Li Tai-ling — The OutsidersLi Yeh

References