In a bowl, whisk together soy sauce, hoisin sauce, Shaoxing wine (or dry sherry, sake, or a mixture of rice vinegar and water), honey, garlic, ginger, Chinese five spice powder, and optional red food coloring until well combined. Reserve about 3 tablespoon of the marinade for basting.
¼ cup soy sauce, ¼ cup hoisin sauce, 2 Tbsp Shaoxing wine, 2.5 Tbsp honey, 3 cloves garlic, 1 inch ginger, 1 tsp Chinese five spice powder, 1 tsp red food coloring