Hong Kong Markets Are Booming

by Barry D. Wood Over the past 12 months Hong Kong’s Hang Seng Index is up 45%, becoming the world’s best performing equity market.  Hong Kong also is the global leader in initial public offerings with 44 deals closed raising $14 billion in the first half of the year.  IPO activity in Hong Kong—almost all from mainland China—is up 700 percent over 2024. Admittedly Hong Kong is … Continue reading Hong Kong Markets Are Booming

Joe Hatfield Built Walmart into a Powerhouse in China

Visiting Walmart’s Super Center in Shenzhen in 2005 and meeting the company’s Asia chief Joe Hatfield remains a reporting highlight. I arrived a short time before the store’s 7 a.m. opening and found Hatfield waiting for me with two associates.  Rail thin, chain smoking, he wore a shirt and tie but no jacket. The name tag on his shirt pocket said simply, “Joe.” We sat … Continue reading Joe Hatfield Built Walmart into a Powerhouse in China

Hong Kong Media Reshaped by Dismissals, Audits and Red Lines

Nikkei Asia July 1, 2025 The national security law has dramatically altered Hong Kong media. KENSAKU IHARA July 1, 2025 11:07 JST HONG KONG — Barry Wood, an international economics correspondent for Radio Television Hong Kong (RTHK), received an unexpected call on May 22 that brought his three-decade career at the broadcaster to an abrupt end. The 81-year-old journalist, based in Washington, said RTHK’s news … Continue reading Hong Kong Media Reshaped by Dismissals, Audits and Red Lines