Li has received numerous awards, including Honorary Degrees awarded by Hong Kong University of Science & Technology (1993); Baptist University (1994); Open University of Hong Kong (1997); University of Hong Kong (2001); Griffith University (2001), University of New South Wales (2002), University of Technology, Sydney (2005), Chinese University of Hong Kong (2006), Shue Yan University (2009), Lingnan University (2010), City University of Hong Kong (2010), Tsinghua University (2013) and University of Oxford (2013). He was made an Honorary Bencher of the Middle Temple in 1997, an Honorary Fellow of Fitzwilliam College, Cambridge in 1999, and an Honorary Fellow of St Hugh’s College, Oxford in 2016.