|Dates||6–8 January 1988|
|Total prize money||US$151,050|
The 1987 World Badminton Grand Prix was the fifth edition of the World Badminton Grand Prix finals. It was held in Hong Kong, from January 6 to January 10, 1988.
|Men's singles||Xiong Guobao||Eddy Kurniawan||15–2, 18–14|
|Women's singles||Li Lingwei||Han Aiping||11–8, 11–5|
|Men's doubles||Li Yongbo & Tian Bingyi||Zhang Qiang & Zhou Jincan||15–9, 15–4|
|Women's doubles||Guan Weizhen & Lin Ying||Hwang Hye-young & Chung Myung-hee||15–6, 13–15, 15–4|
|Mixed doubles||Stefan Karlsson & Maria Bengtsson||Billy Gilliland & Gillian Gowers||15–8, 18–15|