The 21st Golden Bell Awards () was held on 22 March 1986 at the Sun Yat-sen Memorial Hall in Taipei, Taiwan. The ceremony was broadcast by Chinese Television System (CTS).

Winners Program/AwardWinnerNetworkProgramme AwardsRadio BroadcastingNews program depth reportsBroadcasting Corporation of ChinaEducational and cultural programs Literary Bridge army Taipei TaiwaChildren's program 給小朋友說故事 Kaohsiung City government unitsDrama program News Theater Taiwan Broadcasting CorporationMusic program Music Hall Revival RadioVariety show the length of tune Revival RadioTelevision BroadcastingNews program Chinese television news magazine CTSEducational and cultural programs Word of the Day CTSChildren's program Children's World CTVVariety show Saturday School CTSBest Movie Acme Theater - Moon spring CTSBest TV series Cloud's hometown CTSTraditional opera repertoire Lu Wenlong CTSAdvertising AwardsBest Radio Advertisement line security Police Broadcasting ServiceBest Television Commercial International brand Tsz Fai thermos - trilogy chapter Dada CompanyIndividual AwardsRadio BroadcastingNews presenters Shu-Chuan Chen, Feng Xiaolong - "Good Morning Taiwan (News Tracking)" Broadcasting Corporation of ChinaEducational and cultural programs Moderator Yue Huiling - "the loss of years unchanging love" PRS Kaohsiung, TaiwanChildren's programs Moderator Chen Meiyu - "Little Library" army Taipei TaiwanMusic and variety show host Zhang Jialian - "Concert Hall" Revival RadioBest Director 翁生發 - "this night song" Police Broadcasting ServiceBest Broadcaster Yinchuan Xing - "Broadcast novel (two accidents)" Broadcasting Corporation of ChinaBest Writer 蔡治聖 - "Lantan Voice" Broadcasting Corporation of China - Chiayi TaiwanBest Interview Zhongyu Yuan, Liu Huici, Kang Dianhong - "I Love Taipei (GRATEFUL series of reports)"Police Broadcasting ServiceTelevision BroadcastingBest News presenters Guan Sheng - "TTV Evening News" TTVEducational and cultural programs Moderator Zhao Shuhai - "All together" CTVChildren's show host Shen Chunhua - "Mom cheering for me"TTVVJ Chow Mei-yee, Ba Ge - "Double Star Annunciation" CTSBest Director Lee Young - "Mandarin drama series (當時明月在)" CTSBest Screenplay 王小棣 - "頂好劇場(秋月春風)" CTSBest Interview Chen Yueqing, Lin Hancheng - "Chinese television news magazine (Thailand and Laos border line special report)" CTSBest Actor Chang Feng - "頂好劇場(秋月春風)" CTSBest Actress Fang Fang - "Mandarin drama (Cloud's hometown episode)" CTSBest Male Singer Yang Lie - "flying singer" CTSBest Female Singer Jeanette Wang - "Wangzhi Lei album" TTVBest Audio Song Wensheng - "Castle Chunxiao (Yami Song)" Ding Jian CompanyBest Cinematography Tour Yinshan "Mandarin drama series (孤劍恩仇記第一集)" TTVBest Lighting Lai Fengxiong "space-focussed (Tracy Huang album)" TTVBest Photo Zhang Zhen Pu - "skillful hands (Pen's hand)" Taiwan Television Culture CompanyBest Art Director Blue Wing Yin -"The 21st Golden Horse Film Awards" TTVBest Engineering Award Tony Chen, Lu Chiu Yang - "TV control password (Voice computer controller in development)" CTS

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