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Banks print millions of new red packets

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GONG XI FA CAI: Some of the red packets made by DBS, OCBC, UOB, StanChart and POSB this year.

Singapore

GOOD times or bad, the local banks have continued to print tens of millions of red packets, or hongbaos, for their clients this year.

DBS has prepared some 20 million red packets - a number that has remained largely consistent from 2013 to 2016, according to a DBS