50-Pack "Great Luck and Great Benefits with Fortune Fish" Chinese New Year Hongbao / Lai See / Lucky Money Red Envelops (HB-5 US) Asian party item Gift/Favor Bags for festive occasions Traditionally, Red Envelopes hold "lucky money" or small, precious gifts such as gold or jade jewelry. They are used to enhance luck, prosperity and happiness. Used primarily during the New Year in China, they also work to bring prosperity all year round.