Video | Lunar New Year: the ins and outs of giving red packets, from who should give them to how much money to hand out

A long-standing tradition for Chinese people over Lunar New Year is to give and receive cash in red packets known as lai see in Cantonese and hong bao in Mandarin.

But what are the roots of the tradition? Who should give them out and with how much money? The Post’s Luisa Tam breaks it down for those unfamiliar with the practice.