In the last decade or so, we have witnessed a higher education restructuring movement running through different parts of Asia. With strong intentions to enhance their national competitiveness in the global marketplace, different Asian governments have started comprehensive reviews of their higher education systems and made attempts to transform the higher education governance and management style. Being unsatisfied with the conventional model along the lines of ‘state-oriented’ and ‘highly centralized’ approaches in higher education, Asian governments have recently tried to ‘incorporate’ or introduce ‘corporatization’ and ‘privatization’ measures to run their state/national universities, believing that the transformations of which could make national universities more flexible and responsive to rapid socio-economic changes. Instead of being closely directed by the Ministry of Education or equivalent government administrative bodies, state universities in Asia are now required to become more proactive and dynamic in looking for their own financial resources. Similar to their Australian and British counterparts, universities in Asia are now under constant pressures to become more ‘entrepreneurial’ to look for alternative funding sources from the market, strengthening their partnerships with industry and business.