Chinese New Year Red packets

Red packets for sale in a Taipei, Taiwan market before the Year of the RatTraditionally, Red envelopes or red packets (Cantonese: lai shi or lai see) (利是, 利市 or 利事); (Mandarin: 'hóng bāo' (紅包); Hokkien: 'ang pow' (POJ: âng-pau); Hakka: 'fung bao'; are passed out during the Chinese New Year's celebrations, from married couples or the elderly to unmarried juniors. It is common for adults to give red packets to children. Red packets are also known as 壓歲錢/压岁钱 (Ya Sui Qian, which was evolved from 壓祟錢/压祟钱, literally, the money used to suppress or put down the evil spirit ) during this period.

Red packets almost always contain money, usually varying from a couple of dollars to several hundred. The amount of money in the red packets should be of even numbers, as odd numbers are associated with cash given during funerals (帛金 : Bai Jin). Since the number 4 is considered bad luck, because the word for four is a homophone for death, money in the red envelopes never adds up to $4. However, the number 8 is considered lucky (for its homophone for "wealth"), and $8 is commonly found in the red envelopes. Sometimes chocolate coins are found in the red packets.

Odd and even numbers are determined by the first digit, rather than the last. Thirty and fifty, for example, are odd numbers, and are thus appropriate as funeral cash gifts. However, it is common and quite acceptable to have cash gifts in a red packet using a single bank note – with ten or fifty yuan bills used frequently.

The act of requesting for red packets is normally called (Mandarin): 討紅包, 要利是. (Cantonese):逗利是. A married person would not turn down such request as it would mean that he or she would be "out of luck" in the new year (無利是). While this practice is common in South China, in the North people just give cash without any cover to their sons and daughters, nephews and nieces, and children of their relatives and friends. Unlike the South, it is common for people give ¥50, ¥100 or even more, odd or even numbers are not taken into consideration anymore.


from Wikipedia