Master Z: Ip Man Legacy does not feature any identifiable LGBTQ+ characters or themes. The story is centered on traditional martial arts, personal redemption, and battling criminal elements, with no narrative space dedicated to queer identities or experiences.

Master Z: Ip Man Legacy does not feature any identifiable transsexual characters or themes. The narrative focuses on martial arts and gang conflicts in 1960s Hong Kong, with no elements related to transgender identity or experiences.

The film is a spin-off of the Ip Man series, focusing on Cheung Tin-chi. All major characters, including those established in prior films or newly introduced, maintain their canonical or depicted gender without any changes from source material or historical context.

This film is a spin-off within an established cinematic universe, featuring new characters and continuing existing ones. There is no evidence of any character, previously established as one race in source material or prior installments, being portrayed as a different race.