<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">The giving of red envelopes containing money, known as hongbao, is a beloved tradition during Chinese New Year. Red is considered a color of good luck, and the money inside the envelopes is meant to pass on blessings </span></span>Chinese new year 2025 of wealth and good fortune. Children, unmarried adults, and elders typically receive these red envelopes, with the amount of money often reflecting the closeness of the relationship. The act of giving hongbao is meant to ensure that prosperity flows throughout the year.