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