Chinese New Year Traditions

Different parts of China have very different traditions. The following are the most typical:
New Year's Eve Dinner

The New Year's Eve dinner is the most important dinner for the Chinese. Normally, this is the family reunion dinner, especially for those with family members away from home. During the dinner, normally fish will be served. Dumplings are the most important dish in Northern China. These two dishes signify prosperity. Other dishes are dependent on personal preference. The majority of Chinese will have New Year's Eve dinner at home instead of a restaurant.
Fireworks

Fireworks are used to drive away the evil in China. Right after 12:00PM on New Year's Eve, fireworks will be launched to celebrate the coming of the New Year as well as to drive away the evil. It is believed that the person who launched the first firework of the New Year will obtain good luck.
Shou Sui

Shou Sui means "after the New Year's Eve dinner" as family members will normally stay awake during the night. Some people just stay up until the midnight after the fireworks. According to tales and legends, there was a mythical beast named the "Year". At the night of New Year's Eve, the "Year" will come out to harm people, animals, and proprieties. Later, people found that the "Year" is afraid of the color red, fire, and loud sounds. Therefore, at the New Year's Eve night, people will launch fireworks, light fires, and stay awake the whole night to fend off the "Year".
Red Packets

The Red packet is a red envelope with money in it, which ranges from one to a few thousand Chinese Yuan. Usually the red racket is given by adults, especially married couples, and elderly to young children in the New Year days. It was believed that the money in the red packet will suppress the evil from the children, keep them healthy, and give them a long life.

more..http://www.chinesenewyears.info/chinese-new-year-traditions.php