Early-Period
In the period before and around WWII, Lunar New Year Cup was participated by Hong Kong teams and teams from mainland China. Since 1950, HKFA invited at least one overseas team to enter the competition. Before 1982, there were 3 exhibition matches in the tournament. The first two matches were usually participated by Hong Kong national football team, Hong Kong player team and Hong Kong League XI while Chinese XI played the last match.
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