With the loosening of the interest ra te restriction,interest rate risk h as become a more and more im-portant risk facing Chinese commerc ial bank.In the first part of this pap er,the status of the interest rate risk of Chinese commercial bank has been analyzed from both theoretical and empi rical point of view;the second part h as dealt with the reasons of the backwardness of Chinese commercial bank in t he management of interest rate risk,the construction of mechanism,and considered the obstacles.