One Chinese New Year tradition involves the giving of Hongbao. Hongbao are red packets with money in it, which symbolizes luck and wealth. Red packets are typically handed out to younger generation by their parents, grand parents, relatives, close neighbors and friends.
In Chinatown, you can find shops and sidewalk vendors selling lots of different kinds of Hongbao. A fan of Hello Kitty, I picked up the Hongbao shown to the left.
Happy New Year!