Electronic libraries have been popular topics recently and their establishment is the goal of a lot efforts. However most discussions and efforts are focused on technical respect and rarely touch the essence of electronic libraries. The purpose of this article is to clarify some incorrect view points, to emphasize the importance of collections in electronic libraries and also to explain their collection development policy and related main-tenance problems. Especially, we anticipate the changing university libraries to develope into ”Electronic Academic Libraries”, with special features on their collections.