The Golden Horse Film Awards ceremony is usually held after a month of festival showcasing some of the film features nominated for the awards. Under current regulations, every film made primarily in a Chinese language, produced outside the People's Republic of China, is eligible for the Awards. An artiste from the People's Republic of China, however, can be eligible, as in Best Actor Xia Yu 夏雨 (1996) and Best Actress Qin Hailu 秦海璐 (2001), so long as the film they made meet the earlier requirement.

The current (2003) recipients of Best Actor and Best Actress are Tony Leung Chiu Wai for his role as an undercover cop in Infernal Affairs 3, and Wu Junru as a prostitute in Golden Chicken. The best Chinese film for 2003 is adjudged to be Infernal Affairs 3. The Golden Horse Film Awards is in its 40th year in 2003.

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