The 18th Golden Horse Awards (Mandarin:第18屆金馬獎) took place on October 30, 1981 at the Kaohsiung Cultural Center in Kaohsiung, Taiwan.
Winners and nominees Winners are listed first and highlighted in boldface.
If I Were for Real Fellow Students My Grandfather All the Wrong Clues for the Right Solution The Coldest Winter in Peking A Man of Immortality Hai Yang Mu Chang Zhi Kai Fa 海洋牧場之開發 Kua Hai Hong Qiao 跨海長虹 Old Master QTsui Hark — All the Wrong Clues for the Right Solution Lin Ching-chieh — Fellow Students Patrick Tam — Love MassacreAlan Tam — If I Were for Real Tony Liu — A Man of Immortality Heung Wan-pang — Fellow StudentsSylvia Chang — My Grandfather Sibelle Hu — The Coldest Winter in Peking Ying Tsai-ling— The Unsinkable Miss CalabashGeorge Wang — The Coldest Winter in Peking Liu Yan-fang — The Coldest Winter in Peking Mu Si-cheng — A Sword Named RevengeWang Lai — The Unsinkable Miss Calabash Wu Su-chu — Sailing for Tomorrow Gua Ah-leh — The Story of DanielCheng Chuan-wen — My Native Land Zhang Xiang — A Man of Immortality Wan Wan — Once Again with LoveWu Nien-jen — Fellow Students Raymond Wong and Szeto Cheuk-hon — All the Wrong Clues for the Right Solution Lin Ching-chieh — Student DaysChang Yung-hsiang — If I Were for Real Li Han-hsiang — The Tiger and the WidowBill Wong — All the Wrong Clues for the Right Solution Lin Hung-chung — If I Were for Real Brian Lai — Love MassacreTony Chow — All the Wrong Clues for the Right Solution Wang Chin-chen — The Coldest Winter in Peking Peter Cheung — The Big BrawlChen Ching-shen — The Tiger and the Widow William Chang — All the Wrong Clues for the Right Solution Wang Toon — If I Were for RealLee Yen-ping — The Tiger and the Widow Lee Fu-hsiung — A Man of Immortality Lu Chien-ming — A Sword Named RevengeLi Tai-hsiang — A Sword Named Revenge Li Tai-hsiang — The Unsinkable Miss Calabash Weng Ching-hsi — My Native LandWeng Ching-hsi — My Native Land Li Tai-hsiang — Sailing for Tomorrow Shi Dongrong — A Sword Named RevengeKwong Hu — Love Massacre Lin Kun-chi — Sailing for Tomorrow Wang Yung-fang — My Native LandThe Coldest Winter in PekingWang Yin
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