| Number: | 23 |
| Award: | Golden Horse Awards |
| Date: | November 29, 1986 |
| Site: | Taipei Municipal Social Education Hall, Taipei, Taiwan |
| Host: | Chang Hsiao-yen and Eric Tsang |
| Organizer: | Taipei Golden Horse Film Festival Executive Committee |
| Best Feature Film: | Terrorizers |
| Best Direction: | John Woo |
| Best Direction Film: | A Better Tomorrow |
| Best Actor: | Ti Lung |
| Best Actor Film: | A Better Tomorrow |
| Best Actress: | Sylvia Chang |
| Best Actress Film: | Passion |
| Most Wins: | A Better Tomorrow (4) |
| Most Nominations: | Passion (9) A Better Tomorrow (9) |
| Last: | 22nd |
| Next: | 24th |
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.[1]
Winners are listed first and highlighted in boldface.[2]
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