The establishment of Yenching Academy in Peking University was a noticeable event in 2014. According to the claim of Peking University，Yenching Academy was a new move to build world top universities and to improve internationalization. This paper contended the establishment of Yenching Academy indicated the administrative power strengthened while the more and more capitals flowing into universities. Internationalization is a powerful driving force and rhetorical discourse for administrative system to build world top universities. There is tension between the international idea and the characteristics of knowledge production in humanities，which results in fierce discussion and debate among scholars. In addition，the dispute about master program of Chinese Studies indicated the idea about the discipline and program in China，where there was tight connection between a discipline to a program. The institutionalization of multidisciplinary field in America，for example East Asian Studies，in the form of research centers and program，could not be used as persuasive argument in legitimation of Yenching Academy.