Why do the Chinese hand out red envelopes?

Related questions

1. What color is bad luck in China?
2. What does green symbolize in China?
3. What does QROW mean?
4. Is Yang white or black?
5. What is Yang's semblance?
6. Why do they give out red envelopes on Chinese New Year?
7. What does Yang symbolize?
8. Is QROW Rubys dad?
9. Who Created yin and yang?
10. Does Ruby Rose Turner have a sister?

Tags

1. #regard
2. #blessings
3. #person
4. #front
5. #envelopes
6. #wrapping
7. #symbol
8. #happiness
9. #envelope
10. #color
11. #people
12. #hence
13. #receivers
14. #bestow
15. #expected
16. #energy
17. #impolite
18. #money
19. #chinese
20. #gives