Liverpool beat South China in the second semi-final thanks to a John Arne Riise free-kick and a Xabi Alonso penalty.

South China pulled a goal back with a Li Haiqiang free-kick, but Daniel Agger scored to make it 3–1.

The winners competed in the final on 27 July, while the losers played in the third place play-off on the same day.

Hong Kong FA Cup winner South China received HK$500,000 from the organizers as appearance fee in the tournament.

James kept 2 clean sheets, and saved penalties from Yossi Benayoun and Fernando Torres.