Li Chun, or the beginning of spring in the traditional Chinese lunar calendar, falls on Feb 4 this year, which is today.
Celebrated since the Spring and Autumn Period (770-476 BC), the first day of the first month of the lunar year was mandated as the Spring Festival in 1913.
According to traditional Chinese beliefs, Li Chin is when the 'spring curtain' is lifted, which is when every thing turns green and blossoms with life as the weather gets warmer and the days become longer.
On this day at auspicious timings, it is also supposedly a good time to deposit money in the bank as it is believed that doing so will help one accumulate wealth and prosperity for the rest of the year.
While superstitions such as attempting to balance an egg upright might seem ridiculous, it may be worth paying attention to them when luck, happiness and wealth are concerned.
Check out the gallery below to find out 8 things you may not know about this very significant day in lunar calendar, according to ChinaCulture.org.