Origin
There are no clear literary sources from which to trace the origin of the red envelope tradition. In China, during the Qin Dynasty, the elderly would thread coins with a red string. The money was called yāsuì qián meaning "money warding off evil spirits", and was believed to protect the elderly from sickness and death. The yāsuì qián was replaced by red envelopes when printing presses became more common. Red envelopes are also referred to as yāsuì qián.
Read more about this topic: Red Envelope
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