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Management Team > Liu Chuanzhi
Chairman of the Board and Chair of the Executive Committee, Legend Holdings Corporation
Founder and Honorary Chairman, Lenovo
Mr. Liu Chuanzhi is Chairman of the Board and Chair of the Executive Committee of
Legend Holdings; Chairman of Legend Capital, Hony Capital and Raycom Real Estate;
Founder and Honorary Chairman of Lenovo.
He was a deputy to the 16th and 17th National Congresses of the Chinese Communist
Party (CCP), and a delegate to the 9th, 10th and 11th National People’s Congresses
(NPC) of China. His other civic duties include Vice President of the 9th and 10th
All-China Federation of Industry and Commerce (ACFIC), Vice Chairman of the Private
Business Chamber of Commerce of China, Chairman of the China Entrepreneur Club (CEC),
member of the advisory board of Tsinghua University’s School of Economics & Management,
guest professor at the China Europe International Business School (CEIBS), Peking
University, and Renmin University.
Mr. Liu was born in 1944, in the city of Zhenjiang, Jiangsu Province in China, and
graduated from the Xi’an Military Communications Engineering Institution (now Xidian
University) in China in 1966.
After founding Lenovo, in 1984, Mr. Liu Chuanzhi led it forward, to continued growth,
and laid a solid foundation for its future.
The positions Mr. Liu has held at Lenovo include president, chairman of the board,
and honorary chairman. In his role as leader, he helped Lenovo break with traditional
concepts that had restrained Chinese scientists and researchers for a long time,
and he was a pioneer in developing a Chinese approach to the commercialization of
technology. He pushed the Lenovo acquisition of IBM’s PC Division, which made Lenovo
a global company and a valuable example for other Chinese companies wanting to go
global. In February 2009, he returned to the chairmanship to help the company get
through its most difficult period and turn the business around. Thanks to him, Lenovo
prevailed in the competition against multinationals and became a world leader in
the PC industry. In November 2011, he retired as chairman and began to focus on
the new businesses of Lenovo’s parent, Legend Holdings.
Under Mr. Liu’s leadership, Legend Holdings has become a conglomerate that covers
both industries and investment, and has nurtured a number of outstanding enterprises.
One of these enterprises, Lenovo, has become the world’s second largest PC manufacturer
and a Fortune Global 500 company. Another, Digital China, has been China’s leading
IT integration service provider and its No. 1 IT product distributor for many years.
In addition, Legend Capital and Hony Capital have become leading brands in the Chinese
investment industry, and Raycome Real Estate has generated handsome returns for
its shareholders thanks to its solid performance.
Meanwhile, Legend Holdings has gotten into Consumer & Modern Services, New Chemical
Materials, and Modern Agribusiness through a well-designed plan, and has plans to
nurture a group of outstanding enterprises to contribute to China’s economy.
Mr. Liu has made a significant contribution to Legend in many areas, such as corporate
and share structural reforms, strategy development, business expansion, management
methodology and culture and the training of talent, and his work with Legend Holdings
has produced a number of achievements that will guarantee its future.
Mr. Liu constantly upgrades his goals to move on to the next level and has crafted
the company’s strategic moves with a forward-looking perspective. He started the
company with only 200,000 yuan and moved from those early days, when the company
was just doing some trading, to the stage when it was manufacturing computers bearing
its own brand; to 2001, when it was split and diversified into new business areas;
to 2004 when Lenovo acquired IBM’s PC business and expanded globally; to 2010, when
Legend entered other industrial areas and was expected to become a large, listed
With his vision, Mr. Liu led the company through a series of reforms in its share
structure, implemented in phases. These produced an optimal ownership structures,
an incentive system, and better corporate governance, and, in turn, improved employees’
sense of being the true owners of the company, which increased its vitality. The
company gave employees space to make full use of their potential, and has raised
a new generation of talented leaders, which ensures the sustained development of
Through years of practice, Mr. Liu was able to sum up his management philosophy
and methodology, which center on the “Three Management Keys.” These are Legend’s
core competence and have played an important role in Legend Holdings’ development,
as well as helping many other companies when it comes to investment.
It was Mr. Liu who created Legend’s basic culture – prioritize the company first;
seek truth, and be practical and realistic; aspire to do things and be enterprising;
and put people first. He put Legend’s methodology into practice – always check things
and stick to the goal; reach a goal by separating it into phases; and do a bit of
Fu Pan (replaying the chess - go back and analyze each move, by each player, in
a chess match).These played a major role in the company’s sustainable development.
Mr. Liu’ also pushed for Legend Holdings and the Chinese Academy of Sciences to
undertake the “Legend Star” initiative. The purpose of this is to leverage Legend’s
management expertise to find ways to turn laboratory research developments into
products and businesses and to help early stage start-ups overcome barriers in finding
good personnel, funding, and other resources. This initiative can facilitate the
growth of many small and medium sized technology enterprises.
Mr. Liu also insists on sticking to his values -- integrity, credibility, and setting
a good example in business ethics. He champions social justice and works hard to
make Legend Holdings a trusted and respected company, while ensuring that “good
people, good deeds, and good examples” are passed from one generation to the next
Mr. Liu has, understandably, received many honors in China and overseas, as can
be seen by the following:
1990: First Place, China’s 2nd Time Science & Technology Entrepreneur awards
1995: National Model Worker, China
2000: Asian Businessman of the Year, Fortune magazine
2000: Asian Star, BusinessWeek
2000: Businessman of the Year, CCTV
2001: Top 25 Most Influential Leaders in Business list, Time magazine
2005: Outstanding Individual in Promoting China-US Relations, National Committee
of US China Relations (NCUSCR)
2009: Fifty Faces That Shaped a Decade, Financial Times
2009: Pacemaker – Most Influential Model Worker Since the Founding of New China,
All-China Federation of Trade Unions
2009: Business Leader in A Decade of Economic Development in China, CCTV
2010: Entrepreneur for the World award, World Entrepreneur Forum (organized by France’s
EMLYON Business School and KPMG)
2011: Businessman of the Year - Lifetime Achievement Award, CCTV
2012: 10 Most Powerful Businesspeople in China, Fortune/ CNN
2012: Distinguished Executive Award, International Association of Chinese Management
2013: Thinkers 50 Leadership Award