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).
Participating teams
Bulgaria
Hong Kong League XI (host)
Mexico
Egypt
Results
All times given in Hong Kong Time (UTC+8).
Semifinals
Third place match
| Hong Kong League XI | 0–3 | Bulgaria |
|---|---|---|
Stoitchkov  5'Yovov 23', 52' |
Final
Bracket
| 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 |
Scorers
- 3 goals
- 2 goals
- 1 goal