Home Views Commentary

Financial market gets annual spring clean

Daryl Guppy
Daryl Guppy2/19/2018 08:00 AM GMT+08  • 6 min read
Financial market gets annual spring clean
SINGAPORE (Feb 19): The Cultural Revolution is infamous for its attack on the Four Olds — old customs, old culture, old habits and old ideas. Despite extensive destruction of people and artefacts, the Red Guard rampage only forced longstanding tradition
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Feb 19): The Cultural Revolution is infamous for its attack on the Four Olds — old customs, old culture, old habits and old ideas. Despite extensive destruction of people and artefacts, the Red Guard rampage only forced longstanding traditions underground. Many of these traditions never disappeared and we still see them in operation when we try to get a haircut in the week before Chinese New Year. The barber shops are overflowing, as people usually avoid cutting their hair or fingernails during Chinese New Year.

Chinese New Year, or Spring Festival, is another hardy survivor of the Cultural Revolution purges. Starting the New Year on the right foot is crucial because it sets the potential for the next 12 months. Luck, health and prosperity need to know that they are welcome to hang around in the upcoming year. Columns of Chinese calligraphy, or chunlian, adorn each side of the main entrance of homes. Red packets, or hongbao, are prepared for distribution.

Another pre-Chinese New Year tradition that remains strongly in place is a house clean. This is literally a new broom and a clean sweep in preparation for the New Year. The custom is the origin of the English expression “spring clean”.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.