Financial disintermediation refers to the behaviors of capital supply party and capital demand party directly financing transactions but not through financial intermediaries such as banks and so on. Currently, domestic and foreign scholars on financial disintermediation mainly study its meaning, its causes, its measure, its impact on commercial banks and the corresponding measures of the commercial banks, its influence on monetary policy, economic growth and so on, their studies are more limited to phenomena description and corresponding measure discussions, therefore, the scholars try to reveal future research direction of financial disintermediation based on their existed research achievements. 