The 2nd Asian Film Awards were given in a ceremony on 17 March 2008 at the Hong Kong Convention and Exhibition Centre as part of the Hong Kong International Film Festival. The top winner was Secret Sunshine from South Korea, which won Best Film, Best Director for Lee Chang-dong and Best Actress for Jeon Do-yeon. Secret Sunshine had been nominated for four awards. The top nominees were Lust, Caution by Ang Lee and The Warlords by Peter Chan, both with six nominations each. Tony Leung Chiu Wai, star of Lust, Caution won Best Actor, while The Warlords won the award for best visual effects. The Sun Also Rises by Jiang Wen had five nominations, and it won the prize for Best Supporting Actress, Joan Chen, who was also nominated for best actress for The Home Song Stories. Japan's I Just Didn't Do It had four nominations. For this year, the awards categories were expanded from 10 to 12 to include nominations for best supporting actor and best supporting actress. The awards were sponsored by Mission Hills Golf Club.

Controversy

A reported Chinese media ban kept Lust, Caution lead actress Tang Wei from attending the ceremony.

Winners and nominees

Best Film

Best Director

Best Actor

Best Actress

Best Supporting Actor

Best Supporting Actress

Best Screenwriter

Best Cinematographer

Best Production Designer

Best Composer

Best Editor

Best Visual Effects