The festival is also known as the
Market of Guanyin,
Guanyin being the bodhisattva of mercy in
Chinese Buddhism. It is said that Guanyin came to ancient Dali on the 15th day of the third month of the Chinese calendar, so an annual temple celebration was established on that day. An alternative origin story says that the festival celebrates the marriage of a princess, from the family of the
dragon king of
Erhai Lake, and a fisherman. The princess and the fisherman went to an annual market, held by gods and goddesses on the 15th day of the third month, that had precious stones and
medicinal herbs. A version of this story says that the market was on the Moon, and the couple went to buy fishing materials but did not find any. This celestial market (or a new market inspired by it) was moved to Earth, and it became the Third Month Street Fair. ==Observance==