Hong Kong Banks Gift Millions in Red Packet Money to Staff

Lenders in Hong Kong are maintaining the Lunar New Year tradition by passing out millions in red packet money to returning staff.

HSBC and its subsidiary Hang Seng are distributing HK$13 million ($1.7 million) of red packet money electronically to its combined workforce of nearly 26,000, according to an «SCMP» report, or $500 per staff.

«The Year of the Horse symbolises vitality, speed and success – qualities that perfectly reflect the energy we’re bringing into 2026,» said Maggie Ng, CEO of HSBC Hong Kong, in her Lunar New Year message to staff. «I’m confident that it’s going to be another exciting year where we will harness our collective strengths to create many opportunities for our customers.»

Local rival Bank of China (Hong Kong) is also passing out HK$500 to each of its 15,000 staff, in addition to a gift hamper with items including morel mushrooms, dried scallops, fish maw, dried conch, pistachios, ginseng and more.