What does HongBao(红包) mean in Chinese ?
HongBao means lucky money.
On the first day of the Chinese New Year, people get up early and start to greet to each other. Children will say their wishes to their parents and the parents in return will also bless their children and give them lucky money contained in a red paper envelop. Also married elders will give lucky money to unmarried youngers. The amount varies according each family’s level of income as well as the closeness between the givers and the receivers.
In other cases, HongBao also means giving money to others in exchange for help (it could be bribe as well).