Is a "red-ribbon" documents necessary from the Philippines or just a chinese translation of docs.

You mean you want to apply for an S type for your husband? If yes, you need to prepare those documents containing your passport and its photocopy, the application form, a recently-taken passport-sized color photo, an invitation letter from you and copies of your passport and residence permit in China, as well as your marriage certificate.
Next, submit the application to the embassy of China in Philippines to apply for the S type.
There is no specific requirement for how much you need to prepare, but you need to make sure that you have enough money to support both of your expenses in China.