CHINA'S most celebrated footballer, Li Bing, will spearhead his country's challenge for honours at this month's Marlboro Dynasty Cup. Li, who was China's Footballer of the Year for 1994, plays with Liaoning in the national league. He played against the territory in last month's Hong Kong-Guangdong Cup as a guest player and was also selected by FIFA to line up with some of the world's best players in exhibition games against top Italian clubs last December. Li scored 10 goals for Liaoning last season and bagged three more for China, who finished runners-up to Uzbekistan in last year's Asian Games. The striker, who joined Liaoning in 1990, has established himself as a key member of the national team. The Dynasty Cup kicks off on February 19 at the Hong Kong Stadium with two matches scheduled on the opening day and another two on Tuesday, February 21. Two matches have been scheduled at Mongkok Stadium on February 23. The final will be held at the Hong Kong Stadium on Sunday, February 26. Hong Kong's national squad travel to Guangzhou for a series of warm-up matches against local sides. The squad leaves the territory on Tuesday and will play two matches against local opposition. South Korea begin their local preparation for the Dynasty Cup games tomorrow after arriving in the territory today. The Koreans have been boosted by the inclusion of star defender Hong Myung-bo, who represented his country at the 1990 and '94 World Cup finals and was voted the Defender of the Year by the Asian Football Confederation. Meanwhile, South China's new acquisition, former Portuguese striker Pedro Xavier, will not line up for the Caroliners against Rangers at Mongkok Stadium tomorrow. Xavier is waiting on a work permit and has been ruled out of the team's selection plans. Happy Valley are also anxiously awaiting a work permit for their new Russian striker, Matinnin Valeri, 34. China squad for Dynasty Cup: Wang Hao, Sun Gang, Zhu Qi, Li Ming, Zhang Enhua, Xiao Jian, Liu Yue, Pan Yi, Wu Chengying, Zhou Ning, Zhuang Yi, Yang Chen, Sun Jianjun, Hao Jaidong, Li Bin, Shen Si, Qu Shengqing, Li Bing, Gao Feng, Ou Chuliang.