The 1987 World Badminton Grand Prix was the fifth edition of the World Badminton Grand Prix finals. It was held in Hong Kong, from January 6 to January 10, 1988.
| Category | Winners | Score | Runners-up | |
|---|---|---|---|---|
| Men's singles |  Xiong Guobao | Eddy Kurniawan | 15–2, 18–14 | |
| Women's singles | Li Lingwei | Han Aiping | 11–8, 11–5 | |
| Men's doubles | Li Yongbo & Tian Bingyi | Zhang Qiang & Zhou Jincan | 15–9, 15–4 | |
| Women's doubles | Guan Weizhen & Lin Ying |  Hwang Hye-young & Chung Myung-hee | 15–6, 13–15, 15–4 | |
| Mixed doubles |  Stefan Karlsson & Maria Bengtsson | Billy Gilliland & Gillian Gowers | 15–8, 18–15 |