The construction of world high-level universities is one of the core tasks of China’s higher education development at present stage. After years of key construction, several domestic well-known universities established their educational goals as the world high-level universities or the world first-class universities, but the overall progress is not satisfactory. A group of young colleges, such as the University of Waterloo(Canada)，the University of York(UK), which were established after World War II, have achieved outstanding academic achievement and high academic reputation within just a few decades. They have gone out of an excellent development path to become the Young World Elite Colleges. It has the value and significance of the same type comparison for a large number of China’s young colleges and universities. Based on defining the Young World Elite Colleges, the profile and the effectiveness of excellent development of the University of Waterloo are briefly introduced. And the basic experience of excellent development of the University of Waterloo has been the focus of analysis. In response to the gaps and shortcomings of the construction of the world high-level universities in China, some enlightenment or suggestions are put forward, such as refining the educational goals of excellence, implementing the innovation-driven strategy, adhering to the orientation of entrepreneurship development, paying attention to the construction of the administrative team and actively participating in the global academic competition.