As an objective phenomenon and a deepening development trend, globalization has inevitably exerted profound impacts on higher education worldwide. The resources, philosophies, institutions and information of higher education around the world have been flowing in an accelerated pace in the age of globalization. The higher education of all countries across the globe is interconnected and mutually constructive. The development of higher education globalization has brought about both opportunities and challenges to universities in all countries. In response, these countries have carried out transformation of university governance to adapt to the development trend of higher education globalization. With the economic reform and opening up, China's higher education has gradually blended in the world higher education system and participated in global cooperation and competition. To achieve sound governance of Chinese universities in the contemporary age, corresponding reforms and innovation should be carried out in the governance system, governance institution and governance model.