These gold and red envelops were packed of lucky euro inside and ready to go to children's home under their pillows!
The money giving to children in New Year's eve is called 壓歲錢 （yā suì qián).
The story was related to a usual monster that frighten children and parents want to keep monster away so they wrap money inside the red paper. Children then put this beside the pillow on the new years eve.
You probably remember previously that we said Money in red envelops 紅包 hóng bāo is not only givien at the Chinese New Year but also commonly
used for those happy family occasions too like for the new born baby and at the
wedding etc.
Just like the term "brown envelops" here in Ireland, red envelop can be used in exactly the same terminology!
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