The competition started on 21 April 2007 with 10 Hong Kong First Division clubs.
Four of them took part in the first round to determine which team advanced to the quarter-finals.
From quarter finals onward, the cup competition was a single-elimination tournament.
South China defeated Happy Valley 3-1 in the final, to secure their ninth title and along with the domestic treble (Hong Kong First Division League champions, Hong Kong Senior Shield champions and the cup).
South China, as the winners of Hong Kong FA Cup, represented Hong Kong in the Barclays Asia Trophy 2007 in July and played against the Premier League teams Liverpool F.C., Portsmouth F.C.