The history of the crimson packet dates into the Han dynasty. men and women developed a kind of coin to chase away evil spirits, "yasheng qian" (Chinese: 压胜钱; pinyin: yāshèng qián), which was inscribed with auspicious words, for instance "could you live a long and prosperous daily life". it had been considered to guard people today from sickness and Loss of life.
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The crimson colour with the envelope symbolizes good luck and wards off evil spirits.[2] In Chinese, the pink packet is also referred to as "cash warding off outdated age" (壓歲錢; yāsuì qián) for Chinese New Year.
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Gu, Lu. "6". Qīng Jiā Lù (清嘉录). 长者貽小儿以朱绳缀百钱谓之压岁钱 zhǎng zhě yí xiǎo er yǐ zhū shéng zhuì bǎi qián wèi zhī yā suì qián ^
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