If you have several days in Hong Kong, Wan Chai is worth exploring. It is still one of those places where you can see old and modern Hong Kong, sitting cheek by jowl. The outdoor markets cover several streets and are best explored by going for a wander.
The wet market (food) is mostly along Cross St and Wan Chai Rd. It may not be for the squeamish but you’ll see the full range of traditional foods from live chickens to dried seafood. Alongside stalls of ‘1000 year old eggs’, there will be racks of salted fish, tanks of live fish, and unfamiliar sea creatures. Open-air butchers wield large bloodied cleavers and hang carcasses on hooks in the open air whilst next door, live chickens are sold.
Cross St intersects with Tai Yuen St which is nicknamed Toy Street. In fact there are only about half a dozen toy shops at most, with cheap and cheerful toys. Children looking to spend pocket money will find something here (action figures, collectible cards, Lego-like blocks, dolls, stickers etc). Mainly the stalls on Tai Yuen St sell beads, trinkets, jade-like ornaments, orchids, cheap clothing, souvenirs and so on. It’s a fun place to wander with a lot of local colour. However if you have a shopping list and you are after a market with handbags, shoes and gifts, then you are better off going to Mong Kok Ladies Market.