This paper provides insights into PR Chinese student migration into the United Kingdom, examined within both historical and contemporary contexts. It analyses student migration patterns, financial flows and the impact of such processes on UK Universities. It also suggests various modifications to immigration policies and promotes social debates on the impact of the phenomena of a massively increasing student flow, for both the UK and for Europe. This paper aims to analyse the multiple financial and social implications of this massive student flow. It shows the need for policy adjustments towards better migration management in both China and Europe. The return of students remains a matter of serious concern for both China and European host countries. The net gain of skilled migrants in many European countries, accompanied by a corresponding loss of skilled workers in China, has heightened anxiety over the consequences of this ‘brain drain’. Student migration will remain one key domain for the emergence of global labour market, enhanced cooperation for Europe and China on information sharing, data exchange and orderly management of return migrants, and this in turn will boost the potential benefits for both parties in a long run.