The Hungry Ghost Festival

Hungry Ghost Festival- There is a traditional Chinese festival/holiday, which is celebrated by Chinese in many countries. In the Chinese calendar (a lunisolar calendar), the Ghost Festival is on the fourteenth night of the 7th lunar month. Activities at the festival include preparing ritualistic offering food, and burning hell money to please the visiting ghosts and spirits as well as deities and ancestors. 

Other activities include burying and releasing miniature paper boats and lanterns on water, which signifies "giving directions to the lost ghosts". A very solemn festival, the festival nevertheless represents a connection between the living and the dead, earth and heaven as well as body and soul.

The Ghost Festival shares some similarities with the predominantly Mexican observance of El Día de los Muertos. Due to theme of ghosts and spirits, the festival is sometimes also known as the Chinese Halloween, though many have debated the difference between the two.

Via Wikipedia