The Sovereign Art Foundation Students Prize, Hong Kong was the first student art prize to be established by SAF back in 2012. SAF invites teachers from all Hong Kong secondary schools to nominate three of the best artworks produced by students within the academic year. Students studying at tertiary institutions may also enter and may self-nominate.

All artworks are viewed by a judging panel consisting of local art professionals, who then shortlist 20 finalists across the two categories. The top 20 Finalists’ works are then exhibited at a prominent Hong Kong art fair where the public are invited to vote on their favourite piece. A First Prize winner and a Public Vote Prize winner are chosen, within each category, from the top 20 finalists.