Functional properties and antioxidant activity of pink perch (Nemipterus japonicus) muscle hydrolysed by three different enzymes papain, pepsin and trypsin were studied. The protein hydrolysates produced by trypsin had an excellent solubility (98%) compared to pepsin (77%) and papain hydrolysate (74%). Conversely, the emulsifying activity index (ESI) and foaming abilities were affected by pH. DPPH radical scavenging ability, reducing power and metal chelating activity of protein hydrolysates increased with increase in concentration. Lipid peroxidation was strongly inhibited by 64% by protein hydrolysates produced by trypsin. The results revealed that the functional properties and antioxidant activities of pink perch were greatly affected by the enzymes used.