He left private banking in 1997 and established Global Group International Holdings Ltd., which developed into an international venture capital company involved in banking, biotechnology, education, entertainment, leisure, financial services, financial technology, gaming, media, mining, oil and gas, property development and sports.

Global Group's media and entertainment investments include a number of international projects such as W, a biographical drama produced by Oliver Stone that explored the life and presidency of George W. Bush.

He has recently hired French jockey, Gerald Mossé, as his principal rider for his stable of over 40 horses in the United Kingdom and internationally.

In July 2015, Hon was awarded the Medal of Honour from the Government of Hong Kong SAR for his contributions to the Lok Sin Tong Benevolent Society, Kowloon.

[12] In early 2018, Hon donated to the New Countryside Construction Project in Xiaping Village, which is located in Yunfu City within China's Guangdong Province.

[14] Hon is a member of the 12th Heilongjiang Provincial Standing Committee, Chinese People's Political Consultative Conference (CPPCC).

As chairman of the International Kim Il Sung Foundation, I will make every possible effort to carry out the noble cause started by the President, deeply aware of the mission I have assumed before the times and humankind.’”[22] The International Kim Il Sung Prize is an award conferred for contributions to the study and dissemination of the Juche idea.