The 1986–87 Hong Kong First Division League season was the 76th since its establishment. It was the first season where only players with permanent residency were allowed to register.
| Season | 1986–87 |
|---|---|
| Champions | South China |
| Relegated | HKFC Police |
| Matches played | 56 |
| Goals scored | 141 (2.52 per match) |
← 1985–86 1987–88 → | |
League table
edit| Pos | Team | Pld | W | D | L | GF | GA | GD | Pts |
|---|---|---|---|---|---|---|---|---|---|
| 1 | South China (C) | 14 | 10 | 0 | 4 | 37 | 7 | +30 | 20 |
| 2 | Eastern | 14 | 8 | 3 | 3 | 17 | 9 | +8 | 19 |
| 3 | Happy Valley | 14 | 9 | 0 | 5 | 28 | 10 | +18 | 18 |
| 4 | Sea Bee | 14 | 7 | 3 | 4 | 13 | 8 | +5 | 17 |
| 5 | Tsuen Wan | 14 | 5 | 4 | 5 | 18 | 21 | −3 | 14 |
| 6 | Double Flower | 14 | 4 | 3 | 7 | 12 | 19 | −7 | 11 |
| 7 | HKFC (R) | 14 | 4 | 3 | 7 | 9 | 28 | −19 | 11 |
| 8 | Police (R) | 14 | 0 | 2 | 12 | 7 | 39 | −32 | 2 |