Ang Pow red envelopes have many different names and some of the most commonly known names are “Ang Pow” “red packets” “lai see” “laisee” “hung bao” or “hung-bao”. The red envelope is an extremely auspicious gift and are seen as even more auspicious when they contain money and can come in all different colours and sizes but are usually presented in credit card sized and red. The red envelopes main use is for Chinese New Year, birthdays, weddings or any other important event where a gift of money is given. In recent years, a lot of companies have added their own take to the Ang Pow in recent years by adding their company branding on the front which may not necessarily bring good fortune to the receiver although it is nice to see western companies taking on eastern traditions. Some very popular Ang Pow’s in Chine these days are made with cartoon characters on the front.