"Ano Novo, Vida Nova!" celebra o amor, o perdão, a esperança, as segundas oportunidades e os recomeços, em histórias entrelaçadas de casais e de solteiros no centro da cidade de Nova Iorque, na noite mais fantástica do ano.
Lo Tung and his friend Malted Candy, pedicab drivers working the streets of Macao, have both fallen in love. The problem is that both their objects of affection - one a baker, the other a prostitute - are working under cruel and lecherous bosses. Somehow, the pair must find a way to win the ladies' hearts and free them from their unpleasant jobs.