Can I create Windows-style alias in Finder?

In Windows, we can hold down Ctrl or use right mouse button while dragging the file in Explorer. When we release mouse button we see a menu where we can choose 'Create shortcut'.

It's quite handy, I think. Can we do something similar in Mac OS?

UPDATE: I do know how to create aliases, I'm interesting whether I can automatically create alias for the folder by just holding some key while dragging or smth like that.


Solution 1:

Click any file or folder, press and hold down the ⌘ Command + ⌥ Option keys, and then drag the file or folder while continuing to hold down the ⌘ Command + ⌥ Option keys.

An alias appears where you release the mouse button.