Objectives: The present study examined the factorial invariance and functional equivalence of the Values in Action Inventory of Strengths (VIA-IS) among the Chinese. Methods: A total of 839 undergraduate students completed the 240-item Simplified Chinese version of the VIA-IS online. Another 40 students participated in qualitative interviews to examine the meaning and function of the items in Chinese culture. Results: A total of 144 items were removed from the original version questionnaire (240-item) because of low item-loading and lack of cultural validity. A Chinese Virtues Questionnaire-96 (CVQ-96) in simplified Chinese containing 96 items (4 items per strength) was adopted. Three subscales (interpersonal, vitality, and cautiousness) were developed after exploratory factor analysis and confirmatory factor analysis. Conclusion: A theoretically meaningful 3-factor model of virtue, comparable to some virtue structures proposed in previous studies conducted in Western countries, was obtained. The inventories being developed can facilitate positive social work assessment and intervention.