Gung Hei Fat Choi (Cantonese) or Gung Chee Fa Chai (Mandarin) to everyone. May the year of the sheep bring you good luck, good fortune, and good riding!
For those who don't know any of the many customs, here's some:
To start of the New Year right, all debts have to paid by this time. Nothing should be lent on New Year's Day, as anyone who does so will be lending all the year. Back when tinder and flint were used, no one would lend them on this day or give a light to others. And you thought Chinese people were always cheap.
Everyone should refrain from using foul language and bad or unlucky words. Negative terms and the word "four" (Ssu), which sounds like the word for death, are not to be uttered. Death and dying are never mentioned and ghost stories are totally taboo. References to the past year are also avoided as everything should be turned toward the New Year and a new beginning.
If you cry on New Year's day, you will cry all through the year. Therefore, children are tolerated and are not spanked, even though they are mischievous.
So keep these few simple points in mind and have a good and lucky New Year!