The Taiwanese Government Information Office (GIO) awarded the Taiwan-born director Ang Lee and his Haishang Films company each with NT$10 million (US$303,000) on 25 September 2007. This is for Lee's winning of the Golden Lion top prize at the 2007 Venice Festival. Lee, however, donated the money to help junior directors and artists to make more outstanding films.
'Lust, Caution' was submitted as Taiwan's entry to the Best Foreign Language Film Category of the 80th Annual Academy Awards (2008), but it was rejected on 17 October 2007 by the Academy of Motion Pictures Arts & Sciences because many of the film's personnel were not Taiwanese. Taiwan then substituted Huai-en Chen's Island Etude (2006).
The song that Wang Jiazhi sings to Mr Yee is entitled "A Singing Girl At The Edge of the World" and was the theme song of a popular film, "Malu Tianshi" (Street Angel) released four years before the events of the film took place. It is still considered an evergreen standard in Chinese pop music and has been covered by many other artists since.