In view of the“high cash holding”problem of China’s listed companies，this paper investigates the influence mechanism of CSR information disclosure quality on cash holding decision.By selecting the listed companies of A-share listed in Shanghai and Shenzhen in 2010-2016 and disclosing CSR report included in the rating system of“Run Ling Global Responsibility Rating”as the initial research sample，the empirical test results show that improving the quality of CSR information disclosure can reduce the cash holdings in the next period，and it is mainly achieved through the two ways of alleviating financing constraints and improving corporate governance；The inhibitory effect of CSR information disclosure quality on cash holdings is more significant in non-state-owned enterprises，and the optimization of the institutional environment can strengthen this inhibitory effect.Further study found that CSR information disclosure quality can enhance the value effect of cash holdings.