Red envelope, known as “hongbao”, is a monetary gift given during special occasions in China. The tradition of giving and receiving red envelopes is believed to be centuries old, and is still playing an important part in Chinese culture. The red envelopes are mainly presented at social and family events such as weddings and spring festivals, with red representing happiness and prosperity. If you ever need to participate in such events and struggle with a proper gift, just prepare a red envelope and put some cash inside