"Policy borrowing" continues to be an important factor in the construction of higher education policy in East Asia. Many post-colonial societies have continued to look to the West for models that will assist them to reengineer their universities in the quest for creating world class institutions. Against this background, Hong Kong's University Grants Committee adopted an outcomes based approach to teaching and learning in 2005 and gained support from institutions under its responsibility for doing so. Supported with ample resources, the subject of numerous public symposia and incorporated into regular quality audit assessments, outcomes based approaches to teaching and learning are in the process of becoming part of Hong Kong's distinctive approach to quality reform in higher education. This paper reviews the policy context in which this initiative emerged, analyses the policy meaning in terms of its underlying theories and derives a set of principles that could guide the implementation of outcomes based approaches. The multiple possibilities associated with outcomes based teaching and learning demonstrate how systemic reform agendas are subject to interpretation and local adaptation.