Flamboyant Serbian masterminds his second Lunar New Year Cup trophy Bora Milutinovic did it again. Call him the magician or master tactician, the flamboyant Serbian coach steered the Jamaica Olympic team to an improbable victory over the China Olympic team to win the Lunar New Year Cup after a sudden-death penalty shoot-out at Hong Kong Stadium. Soaking up constant pressure during 120 minutes of goalless play, Jamaica defeated China 5-4 on penalties to start the celebrations with Milutinovic in the middle of it all. Milutinovic became the first coach to win the tournament for a second time having been successful with Nigeria in 1998. The 62-year-old Serbian, who took four out of five qualified teams - Mexico, United States, Costa Rica and Nigeria - to the second round of the World Cup said: 'I'm so happy for the Jamaican team. The whole of Jamaica can celebrate this. 'My best wishes to the Chinese team who made it very tough for us,' said the former China coach. 'The Jamaicans really tried their best and I am so happy for many of the players who have never played abroad before,' he said. The match produced few bright moments even though China were definitely the better team, creating more chances with striker Jiang Chen a constant threat. Jamaica started the penalty shootout with the worst possible start after Nicholy Finlayson ballooned his effort, but the Jamaicans made no mistake with their next five kicks. China's Dai Qinhua and Wan Houliang both had their spot-kicks saved by goalkeeper Allen Whittaker before Donovan Davis scored to start the Jamaican's celebrations. China coach Ratomir Dujkovic was disappointed but said he hoped his side will have better luck in next year's Olympics in Beijing. 'We have to get this behind us and look forward to the future. Hopefully we will get more luck. Luck played a major part tonight,' said the Serb. China's best chance came in the 61st minute when striker Jiang Chen ran into the box before his low shot struck a post during an excellent spell. Just two minutes later, Jamaica goalkeeper Allen Whittaker had to produce a brilliant save to keep out Li Wei's powerful free kick. A crowd of 13,564 spectators - the lowest attendance in tournament history - braved a constant drizzle to watch the annual showpiece event. Earlier, the Hong Kong League XI were beaten yet again on penalties despite coming back from two goals down to force a shootout to decide third place. The Australia Olympic team looked home and dry when they led 2-0 with goals from Nathan Burns and Bruce Djite before Hong Kong launched a spectacular fightback that forced the match to go to penalties - something which is becoming a habit for the local team. Substitute Festus Baise reduced arrears and Keith Gumbs found the equaliser when he scored from the penalty spot after Christian Annan was brought down by Steven O'Dor. But lady luck again failed to shine on Hong Kong just as in their previous match against Jamaica. This time, Gerard Ambassa Guy had his spot kick saved, while Australia were spot-on with all five of their conversions, with Dario Vidosic sparking celebrations for his team. Hong Kong coach Casemiro Mior was disappointed with the result, but happy his side had given the Australians a good run for their money. 'What can you say? We lost again on penalties,' said Mior. 'We played hard and never gave up despite trailing 2-0. It's very disappointing to have lost, but I am very satisfied with our performances in our two matches. We played two very good matches but lost on penalties. This is something we could not control.'