Blog
Jennifer Adam, Curator
February 17 2026 marks the beginning of the Lunar New Year. It is one of the most important dates in Chinese culture, and is celebrated across East and Southeast Asia.
The new year’s greeting, ‘Kung hei fat choi!’ means, ‘Wishing you happiness and prosperity!’ Many Lunar New Year traditions use money and its symbolism to bring good luck.
Lucky money gifts
In Chinese culture, lucky red envelopes (called hong bao, or lai see) are given on special occasions: most at Lunar New Year, but also at weddings, graduations and birthdays. Red symbolises good luck and the envelope contains a gift of money, often from elders to children. For the best of luck, the banknotes should be crisp and new, and the coins shiny! In Korea, money gifts are often given at New Year inside bokjumeoni, traditional lucky bags.
The tradition is increasingly going digital. Several apps now let people give virtual red envelopes instead.