The 3rd Shanghai International Film Festival was held between October 24 and December 2, 1997. The Film Festival was divided into four activities:

• Golden Cup International Film Competition
• International Film Panorama
• International Film and TV Market
• Retrospectives with Seminar

British film The Woodlanders won the Golden Goblet for best film.

• Shi Fangyu (China)
• Keiko Matsuzaka (Japan)
• Im Kwon-taek (Korea)
• Elem Klimov (Russia)
• Mark Rydell (United States)
• István Szabó (Hungary)
• Ng See-Yuen (Hong Kong)

• Best Film - The Woodlanders (dir. Phil Agland, United Kingdom)
• Best Director - Phil Agland for The Woodlanders (United Kingdom)
• Best Actor - Michel Piccoli for Traveling Companion (Italy)
• Best Actress - Pan Yu for Live at Peace (China)

• Mendel (dir. Alexander Rosler, Norway)
• Live in Peace (dir. Hu Binliu)

• Archives of the Shanghai International Film Festival
• 3rd SIFF Archived 2005-09-14 at the Wayback Machine at the Internet Movie Database

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