After numerous awards, only the Academy Award was missing. The Academy Award was awarded to an unknown Brazilian film "The Lover of Eight Thousand Gold". Chen Kaige looked at the film and found it unremarkable, so he found the theory of Oscar judges, why Farewell My Concubine was defeated!
The Oscar judges told Chen Kaige that it was not that they didn't understand Farewell My Concubine and thought it was very good, but that the film had won the Palme d 'Or and the Golden Globe, and there was no need for the Academy Award, and they didn't see any publicity about Farewell My Concubine, so they didn't give it.
This answer makes Chen Kaige laugh and cry. Chen Kaige's idea is that since he has won the Palme d 'Or and the Golden Globe, then the Oscar is not to look for something. I didn't understand the rules of Oscar, to be precise, I didn't do any public relations, and finally missed the Oscar. Also won too many awards, and Chen Kaige was overconfident.