The 1999 Lunar New Year Cup (aka Carlsberg Cup) was a football tournament held in Hong Kong over the first and fourth day of the Chinese New Year holiday (16 February and 19 February 1999).
Participating teams
Bulgaria
Hong Kong League XI (host)
Mexico
Egypt
Results
All times given in Hong Kong Time (UTC+8).
Semifinals
 Hong Kong League XI | 0-0 3-4 (PSO) | *  Mexico |
|---|---|---|
Third place match
| Hong Kong League XI | 0-3 |  Bulgaria |
|---|---|---|
Stoitchkov  5' 23'Iovov 52' |
Final
Bracket
| Semi-finals | Final | |||||
| 16 February 1999 – (Hong Kong Stadium) | ||||||
 Egypt | 3 | |||||
| 19 February 1999 – (Hong Kong Stadium) | ||||||
| Bulgaria | 1 | |||||
| Mexico | 3 | |||||
| 16 February 1999 – (Hong Kong Stadium) | ||||||
| Egypt | 0 | |||||
| Hong Kong League XI | 0(3)(PSO) | |||||
| Mexico | 0 (4) | |||||
| Third place | ||||||
| 19 February 1999 - (Hong Kong Stadium) | ||||||
| Hong Kong League XI | 0 | |||||
| Bulgaria | 3 | |||||
| 1999 Carlsberg Cup Winner |
|---|
 Mexico First Title |
Scorers
- 3 goals
- 2 goals
- 1 goal