With the changes in global economy, society, politics and culture in recent 20 years, the higher education in Hong Kong has taken structural reform correspondingly so as to answer the changes of the overall situation. Specifically, with the rise of knowledge economy, higher education is taken as an important step to improve the whole competitiveness of individual and society. People's will and demands to receive higher education are increasing. The globalization tendency makes higher education development surpass the restrictions of countries and regions so that the governments and institutions greatly promote internationalization. The neo-liberalistic practice applies commercial management and operation mode to the management of universities and colleges extensively. With the flourish of the higher education market, comparisons and appraisals are becoming important day by day.