How long it takes from Forbidden City, Beijing to Xiushui Street and Hongqiao Market?

Hi I am planning to visit China and would be staying near the Forbidden city - I would like to shop in Xiushui Street and Hongqiao Market - how long would it take for me to reach the place from forbidden city - Are these two markets close to each other - what are the timings of these markets and what would be the best way to travel from the hotel