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Hongkongers have shown increased generosity in the Year of the Snake, with many opting to give HK$50 red packets during the Lunar New Year, a recent survey revealed on Friday.
The survey, conducted by the Hong Kong Research Association from January 2 to 16, found that while most citizens will give HK$20 red packets this year, there has been a notable 7 percent increase in the number of respondents choosing to give HK$50 red packets compared to the previous year.
Additionally, 23 percent of respondents anticipate their total red packet expenditure to rise from last year. In contrast, about 12 percent expect their spending on red packets to decrease this year, influenced by the rising cost of living.
The survey also indicated that most citizens are eager to spend on dining and leisure during the Lunar New Year, which could potentially boost the restaurant and retail industries.
A representative from the association suggested that the government should organize cultural activities during the Lunar New Year holidays to attract tourists and stimulate the economy.
While the various traditions associated with red packets can be perplexing, it is crucial to adhere to certain guidelines to avoid offending friends, colleagues, or family members.
Traditionally, red packets are given in even numbers, reflecting the old Chinese adage that “good things come in pairs.” The envelopes are typically red, symbolizing good fortune, and it is advised to avoid dull colors such as white or blue.
Red packets are generally distributed from January 29, the first day of the Lunar New Year, to February 12, the last day of the Lunar New Year. It is considered bad luck by some to open red packets before the end of the Lunar New Year, which falls on February 12.
These are just among the many practices that revolve around this tradition.
