Michelle Yeoh honoured at Asian film awards 18 March 2013 Last updated at 13:29 Actress Michelle Yeoh has been honoured with the excellence in Asian cinema award at the Asian Film Awards in Hong Kong. The star of Ang Lee's award-winning Crouching Tiger, Hidden Dragon said she was happy to receive the award where her career started. I hope it's not their way of telling me that I need to retire. Yeoh, 49, joked. Last year Yeoh played politician Aung San Suu Kyi in the biopic, The Lady. The actress said she studied the pro-democracy leader and Nobel Peace Prize winner for four years in preparation for the part. Speaking to reporters a day earlier, Yeoh said she had long heard rumours of a sequel to Oscar winner Crouching Tiger, Hidden Dragon, but had yet to see a script. Recent reports have attached kung fu star Donnie Yen to the project and Yeoh said she would welcome the opportunity to work with him if a sequel was developed. The Hong Kong film festival's opening night featured the premiere of Ip Man: the Final Fight, the latest film about the life and work of martial arts master Ip Man. Stars of the film Anthony Wong and actress Zhou Chou Chou were among those walking the red carpet. Veteran Hong Kong directors Johnnie To and Ronny Yu are also premiering works at the festival, which features Infernal Affairs director Andy Lau. The festival, now in its seventh year, closes in April with the Iranian film Closed Curtain, which won best script when it premiered at the Berlin Film Festival last month.