The new organization is called the Asian University Alliance (AUA). It was launched in late April at Tsinghua University in Beijing. The Chinese university was elected as chair of the group that includes a total of 15 universities from 14 countries and areas.
A goal of increasing ‘Asian wisdom'
China's Vice Premier Liu Yandong spoke at opening ceremonies at of the AUA on Saturday in Beijing. She said the new organization was important to China.
Liu said the educational alliance will provide "Asian wisdom to resolve regional and global problems. She added that the group will combine "outstanding global talents with an international perspective and to serve regional development."
Other universities included in the alliance are Peking University, the University of Tokyo, Hong Kong University of Science and Technology, the National University of Singapore, and Seoul National University in South Korea.
The Indian Institute of Technology in Mumbai, King Saudi University in Saudi Arabia, United Arab Emirates University, Malaysia's University of Malaya and the University of Indonesia are also in the group.
Others members of the alliance are the University of Yangon in Myanmar, the University of Colombo in Sri Lanka, Chulalongkorn University of Thailand, and Nazarbayev University of Kazakhstan.
People who attended the first board meeting of the AUA confirmed that Tsinghua University has offered to fund the organization with $1.5 million dollars. Members currently pay a fee of $5,000.
Rankings and research seen as very important
The goal of the group is to help Asian schools rise in the world rankings. The top universities in the world are mainly in western developed nations like the United States and Britain.
High rankings are important to attract research money from private business and international organizations. Rankings also help in attracting the best teachers and students from around the world.
Tan Eng Chye is Deputy President and Provost of the National University of Singapore. He said, "Ranking is invariably based more on research because, if you look at educational outcomes, it is harder to gauge."
新加坡国立大学副校长兼教务长陈永财(Tan Eng Chye)表示，“大学排名一贯是更多地基于研究，因为如果要看教育成果，那就更难衡量了。”
He also said research spending is important. "And if you pool in a lot of money into research, then, I think, you will go up quite quickly (in the rankings)."
Tan said that governments should play an important part in funding research. Only five percent of the research has an immediate application, he said. So industry often does not want to support the other 95 percent that does not lead to new products immediately.
The desire to pool research and develop a greater exchange of students and teachers caused several Asian universities to join the AUA.
"This alliance will help us refocus on Asian universities in a lot of areas like student mobility, faculty exchange, and joint research," said Prasanna M. Mujumdar, director of IIT, Bombay.
印度理工大学孟买分校校长普拉萨那·穆俊达（Prasanna M. Mujumdar）表示，“亚洲大学联盟将有助于我们在学生流动、教师交流和共同研究等诸多领域重新将注意力投向亚洲的大学。”
China could gain from reducing its dependence on western institutions for high technology and it is looking towards Asian universities.
Some observers compare the move to China's creation of the Asian Infrastructure Investment Bank in 2014. The bank has increased China's leadership position in Asia and expanded its international influence.
I'm Mario Ritter.