Constructed in the China’s special cultural factors based on ethical standard and some other social context, and with attention given to the combination of postmodern management advocated by the value of spirit, the indigenous Chinese leadership theory should be moral leadership which takes ethics as its core. The operation of the moral leadership is a kind of contextualized regulatory mechanism, which emphasizes the de-centralizing and de-totalizing of leadership activities and strengthens the enlightenment function. To sum up, moral leadership theory criticizes the fundamental presupposition objectivity and rationalism in modern mainstream management and has rich connotation of postmodern management.