Chinese society, a red envelope or red pocket, called Ang Pao or Ang Paw is a monetary gift which is given during holidays or special occasions. Red envelopes are often presented at social and family gatherings such as Chinese weding or on holidays such as Chinese New Year. The red color of the envelope symbolizes good luck. The money amount contained usually begins with an even digit, as odd numbered money gifts are associated with funerals. At weddings, the amount offered is usually intended to cover the cost of the attendees as well as help the newly married couple.
The tradition of Ang Paw delivery traditionally descended from one generation to other generations for long time ago. Ang Paw will not be given to some one in family who has got job, but he/she has to, in return, deliver it his/her parents or/and their younger.
There are no clear literary sources from which to date the origin of the red envelope tradition. In China, during the Qing Dynasty, elders would tie coins together with red string. These were called yāsuì qián (traditional Chinese: 壓歲錢), meaning "pressed money", and were believed to protect the elderly from sickness and death. The yāsuì qián were replaced by red envelopes when printing presses became more common after the establishment of theRepublic of China in 1911. Red envelopes are also referred to as yāsuì qián.
The legend related to Ang Paw is to be said one upon a time there was an evil named Suy, “One horn phantom” or “Beysac Snaeng Mouy” or Sov Suy “Blooded Hunger phantom” lived beneath the sea. The phantom always appeared at sea bank to mistreat young children in the night of the end of a year. He used his hands magically touch on the young children’s head. Then the young victims became sick, or stupid. The villagers were afraid of him so in the night of the end of every year, they always lighted the lights for protecting their children from him for all night. The arrangement of protecting Suy, Since then, became a custom which they always do in the night before new year come. Another legend is that there was a couple, Koun relative, enjoyed their child with coins. When the children fell asleep they packed the coins in a red paper and kept it near child’s pillow. Eventually, Suy entered their house intended to mistreat the child. The light from coins in the red pack reflected Suy’s eyes, then he run away.