Why do Chinese people give 'hongbao' on Spring Festival?

#springfestival2024 #chinesenewyear Receiving and giving red envelopes are common while celebrating Chinese New Year in China. Why do Chinese people give red envelopes during this festival? Click the video to reveal the answer! For more: https://news.cgtn.com/news/2024-01-30/Why-do-Chinese-people-give-hongbao-on-Spring-Festival--1qNa6z2UxoI/p.html Subscribe to us on YouTube: https://goo.gl/lP12gA Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv