Due to the restrictions of the Olympic Committee’s principle of amateurism, the grants of HKD$6,000 for the athletes could only be used for the development of their affiliated sports programmes.
A lucky draw was added for the voters, and the champion was awarded a pure gold commemorative medallion.
A “Wall of Honors for Outstanding Athletes” was also set up at the Jubilee Sports Centre on 6 January 1989.
In addition, the organisers set up the “Hong Kong Junior Sports Stars Awards” to award the training fee of HKD$3,000 per winning new talent for six potential young athletes under the age of 18 who had achieved outstanding performances over the previous year.
In November 2000, Swire Coca-Cola HK Ltd. announced that it would terminate its role as organiser for the Hong Kong Sports Stars Awards.
To ensure that awards were fairly evaluated, nominations were accepted from all SF&OC sports associations.
The Award Ceremony was held at the SF&OC Annual Spring Dinner on 22 January 2001.
The Award Ceremony took the form of a “Hong Kong Sports Oscar”, as expressed in the organisers’ slogan.
The SF&OC’s Hong Kong Sports Stars Awards 2001 continued the success of the previous year.