| Tournament details | |
|---|---|
| Host country | Hong Kong |
| Dates | 1–4 February |
| Teams | 4 |
| Venue(s) | 1 (in 1 host city) |
| Final positions | |
| Champions |  Mexico (1st title) |
| Tournament statistics | |
| Matches played | 4 |
| Goals scored | 10 (2.5 per match) |
| Top scorer(s) |  Hristo Yovov |
The 1999 Lunar New Year Cup (also known as Carlsberg Cup) was a football tournament held in Hong Kong over the first and fourth day of the Chinese New Year holiday (1 February and 4 February 1999).
Bulgaria 
Hong Kong League XI (host) Mexico 
Egypt All times given in Hong Kong Time (UTC+8).
| Hong Kong League XI | 0–3 | Bulgaria |
|---|---|---|
Stoitchkov  5'Yovov 23', 52' |
| Semi-finals | Final | |||||
| 1 February 1999 – Hong Kong | ||||||
| Egypt | 3 | |||||
| 4 February 1999 – Hong Kong | ||||||
| Bulgaria | 1 | |||||
| Mexico | 3 | |||||
| 1 February 1999 – Hong Kong | ||||||
| Egypt | 0 | |||||
| Hong Kong League XI (pen.) | 0 (3) | |||||
| Mexico | 0 (4) | |||||
| Third place | ||||||
| 4 February 1999 – Hong Kong | ||||||
| Hong Kong League XI | 0 | |||||
| Bulgaria | 3 | |||||
| 1999 Carlsberg Cup Winner |
|---|
 Mexico First Title |
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