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More attention should be paid to four issues during the massification of Chinese higher education: (1) how to understand the prime cause of the expansion of higher education; (2) how to reinforce liberal education; (3) how to balance the relationship between equality and excellence; and (4) how to harmonize the relationship between the university, the government and the market. All these are based on the orientation about the ultimate goal of universities. Modern universities must make students and the public understand that their ultimate mission is places where stratagems for profits and opportunities of employment are provided; rather, modern universities should inspire students’ rationalistic potencies, cultivate their ability to look upon the development of individuals, society and history from a long-term and all-around perspective.