In 2004, Liu established the companies Tianping Auto Insurance and Guohua Life Insurance. In April 2013, Tianping formed a joint venture with AXA.
Liu is chairman of Sunline Group, a Shanghai-based investment company As of 2010, the value of his real estate properties have increased to 10 billion yuan (US$1.6 billion) over the past 19 years.
In April 2014, Liu paid HK$281.24 million (US$36.3 million) for a 500-year-old Ming dynasty doucai chicken cup.
In November 2015, he bought Italian Painter Amedeo Modigliani’s Nu couché (1917–18), a widely known painting of a reclining nude woman, for US$170.4 million, the second-highest price for an artwork at auction, in a volatile sale at Christie's in New York. He paid for the painting with his American Express credit card.