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The 1st Asian Film Awards were given on 20 March 2007 at the Hong Kong Convention and Exhibition Centre, on the opening night of the 31st Hong Kong International Film Festival.

Given to films released in 2006 by film industries from across Asia, awards were given in 10 categories: Best Film, Best Director, Best Actor, Best Actress, Best Screenwriter, Best Cinematographer, Best Production Designer, Best Composer, Best Editor and Best Visual Effects. Up to six nominees are honored in each category.

The most awards went to The Host, directed by Bong Joon-ho. It had been nominated in five categories and won four: Best Picture, Best Actor, Best Visual Effects and Best Cinematographer.^[1][2]

• Winner: The Host (South Korea)
  • Curse of the Golden Flower (China/Hong Kong)
  • Exiled (Hong Kong)
  • Love and Honor (Japan)
  • Opera Jawa (Indonesia)
  • Still Life (China)
  • Sivaji (India)

• Winner: Jia Zhangke, Still Life (China)
  • Hong Sang-soo, Woman on the Beach (South Korea)
  • Jafar Panahi, Offside (Iran)
  • Johnnie To, Exiled (Hong Kong)
  • Tsai Ming-liang, I Don't Want to Sleep Alone (Taiwan)
  • Apichatpong Weerasethakul, Syndromes and a Century (Thailand)

• Winner: Song Kang-ho, The Host (South Korea)
  • Chang Chen, The Go Master (China)
  • Rain, I'm a Cyborg, But That's OK (South Korea)
  • Shahrukh Khan, Don (India)
  • Andy Lau, A Battle of Wits (Japan / Hong Kong / China/ South Korea)
  • Ken Watanabe, Memories of Tomorrow (Japan)

• Winner: Miki Nakatani, Memories of Matsuko (Japan)
  • Gong Li, Curse of the Golden Flower (Hong Kong/China)
  • Kim Hye-soo, Tazza: The High Rollers (South Korea)
  • Im Soo-jung, I'm a Cyborg, But That's OK (South Korea)
  • Rie Miyazawa, Hana (Japan)
  • Zhang Ziyi, The Banquet (Hong Kong/China)

• Winner: Mani Haghighi, Men at Work (Iran)
  • Hong Sang-soo, Woman on the Beach (South Korea)
  • Tetsuya Oishi and Shusuke Kaneko, Death Note (Japan)
  • Sohn Jae-gon, My Scary Girl (South Korea)
  • Prabda Yoon, Invisible Waves (Thailand)
  • Zhang Cheng, Yue Xiajun, Ning Ha, Crazy Stone (China/Hong Kong)

• Winner: Kim Hyung-koo, The Host (South Korea)
  • Andrew Lau and Lai Yiu Fai, Confession of Pain (Hong Kong)
  • Liao Pen-jung, I Don't Want to Sleep Alone (Taiwan)
  • Sayombhu Mukdeeprom, Syndromes and a Century (Thailand)
  • Wang Yu, The Go Master (China)

• Winner: Tim Yip, The Banquet (China/Hong Kong)
  • Cho Geun-hyun, Forbidden Quest (South Korea)
  • Towako Kuwajima, Memories of Matsuko (Japan)
  • Patrick Tam and Cyrus Ho, After This Our Exile (Hong Kong)
  • Emi Wada, The Go Master (China)

• Winner: Rahayu Supanggah, Opera Jawa (Indonesia)
  • Jeong Yong-jin, Woman on the Beach (South Korea)
  • Peter Kam, Isabella (Hong Kong)
  • Lim Giong, Still Life (China)
  • Tamiya Terashima, Tales from Earthsea (Japan)

• Winner: Lee Chatametikool, Syndromes and a Century (Thailand)
  • Kim Sun-min, The Host (South Korea)
  • Angie Lam, Dog Bite Dog (Japan / Hong Kong)
  • Park Gok-ji and Jeong Jin-hee, A Dirty Carnival (South Korea)
  • Patrick Tam, After This Our Exile (Hong Kong)

• Winner: The Orphanage, The Host (South Korea)
  • Angela Barson and Chung Chi-hang, Curse of the Golden Flower (Hong Kong/China)
  • DTI (Digital Tetra Inc.), ETRI, The Restless (South Korea)
  • Ohya Tetsuo, Kamiya Makoto, Onoue Katsuro, The Sinking of Japan (Japan)
  • Masahide Yanagawase, Memories of Matsuko (Japan)

• Box Office Star of Asia Award: Andy Lau
• Asian Film Award for Outstanding Contribution to Asian Cinema: Josephine Siao Fong-fong, presented by Luc Besson
• Asian Film Award for Excellence in Scholarship in Asian Cinema: David Bordwell, presented by Johnnie To

• Official website
• 2007 Asian Film Awards: Nominations
• 2007 Asian Film Awards: Award Results