Phil Mickelson birdied the last hole on Saturday to take a two-stroke lead over Tiger Woods and Nick Watney at the HSBC Champions, setting up an enticing finale in the World Golf Championship event.

Tiger Woods stormed into a share of the lead with Nick Watney at the WGC-HSBC Champions on Friday, as Phil Mickelson charged up the leaderboard to be one shot behind.

World number two Phil Mickelson is to open a golf academy in China as part of his plans to help develop the sport in the booming country.

American Nick Watney stole Tiger Woods' thunder at the WGC-HSBC Champions Thursday as he raced to a two-shot lead, but the world number one is lurking dangerously three off the pace.

Five-time champion Greg Norman announced his withdrawal from the Australian Open as he recovers from shoulder surgery, dealing a blow to the tournament.

Tiger Woods is once again the man to beat this week, and with the world number one having won 16 of the 30 World Golf Championship events he has entered, no one is betting against him.