Place the bao buns in a steamer basket and steam for 6–8 minutes over boiling water. You can use a bamboo steamer or a colander covered with a lid. Make sure the water doesn't touch the buns directly.
Cut the cheese into thick, rectangular slices so they are easy to bread but won't melt completely during frying. Prepare three bowls for breading: flour, beaten egg, and breadcrumbs, in that order.
Dredge the cheese slices in flour first, then dip them in beaten egg, and finally coat them with breadcrumbs. Tip: Repeat the egg and breadcrumb layers for an extra crispy crust.
In a deep saucepan, heat the oil to medium-high heat (approximately 340-355°F or 170-180 °C). Carefully place the breaded cheese into the hot oil and fry until golden brown, about 2-3 minutes. Drain on paper towels.
In a small bowl, combine the honey and chili flakes. For a spicier kick, add more chili. Microwave for a few seconds or heat on the stovetop until the honey is more fluid.
Carefully open the steamed bao buns. Place a slice of fried cheese inside each bun, then drizzle with the chili-honey mixture. Serve immediately while the cheese is still gooey and the honey is runny.
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