Value of each red envelope planned during Spring festival in Hong Kong 2022-2024

Published by Agne Blazyte, Feb 12, 2024
According to a series of surveys conducted in Hong Kong annually before the Lunar New Year, around 54 percent of Hong Kong respondents planned to give out red envelopes worth on average 20 Hong Kong dollars in Spring festival of 2024, a higher proportion than in the previous two years. The share of respondents who were planning on giving 100 Hong Kong dollars or more has also increased slightly in 2024.

Average value of each hongbao* planned for the Spring festival in Hong Kong from 2022 to 2024

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Release date

February 2024

Region

Hong Kong

Survey time period

January and February 2022 to 2024

Number of respondents

704 respondents

Age group

15 years and older

Method of interview

Telephone interview

Supplementary notes

*Hongbao is a red envelope containing gifts, mostly money, given during holidays and special occasions.

One Hong Kong dollar equals about 0.13 U.S. dollars and 0.12 euros (as of February 2024).

Survey question:
How much do you plan to put in each hongbao this year on average?

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