Hong Kong's dominant television station TVB celebrated its 40th anniversary with a star-studded awards gala on Saturday.

Hong Kong TVB stars pose for a group photo at TVB's 40th anniversary awards on Saturday, November 17, 2007.

Over the years, TVB has helped a bevy of local acting talent achieve stardom with long-running TV dramas produced and broadcast under its umbrella.

Since 1997, TVB has been holding an anniversary awards ceremony every November to honor its best stars of the year.

This year's show saw Moses Chan take the best leading actor award for his role in "Heart of Greed," with the drama's Lee Sze Kei winning the best actress award.

Gigi Lai was voted as "my favorite TVB actress," and Raymond Lam was crowned "my favorite TVB actor."

Kate Tsui was named as "vastly-improved actress," and her counterpart actor was Amigo Choi.

Veteran comedian Lydia Shum was honored with a lifetime achievement award. Shum, whose health problems have long been the focus of local media, made it to the ceremony in a wheelchair to accept the honor.

Anniversary celebrations will continue with another ceremony scheduled for November 19, the 40th birthday of TVB Pearl, a major channel of TVB.

Comedian Lydia Shum accepts a lifetime achievement award at Hong Kong TVB's 40th anniversary awards on Saturday, November 17, 2007.?

Moses Chan accepts a best leading actor award at Hong Kong TVB's 40th anniversary awards on Saturday, November 17, 2007.

Lee Sze Kei accepts an award for best leading actress at Hong Kong TVB's 40th anniversary awards on Saturday, November 17, 2007.

Gigi Lai (R) accepts an award for "my favorite TVB actress" with her counterpart actor Raymond Lam at Hong Kong TVB's 40th anniversary awards on Saturday, November 17, 2007.

(CRI November 19, 2007)