She was just one of two women to enter the race,which comes afterMs Banks reignited tensions over the party’s treatment of women.
Senior Liberals had forecast disaster if the party did not preselect another woman for Chisholm in light of the controversy surrounding Ms Banks.
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Ms Liu is regarded as an avid fundraiser and her preselection was welcomed by high-profile figures within the party.
Victorian Liberal president Michael Kroger said he was thrilled with the result. He said Ms Liu received the overwhelming support of delegates who voted for her.
“She is very well-known and popular in the Chisholm community,” he said. “We think she’s got an excellent chance of holding the seat.”