Hong Paos -- assorted designs, such as that of happy children, Chinese characters for abundance and greetings, animals of the zodiac, etc. The Chinese word for red (“hong”) also sound like “plenty”. It is believed that money wrapped in red will make money multiply. chinese new year party themes The money inside the hong bao is called Ya Sui Qian. Ya mean suppress; Sui sounds somehow like evil spirit. Qian means money. Therefore, Ya Sui Qian means money that can suppress evil spirits.