A capacitive touch panel, a method of determining touch position thereof and a display device are disclosed. The capacitive touch panel comprises a first substrate and a second substrate opposed to each other, the first substrate being provided with a black matrix. The black matrix is formed of a first metal touch electrode layer provided on a side of the first substrate away from the second substrate and a second metal touch electrode layer provided on a side of the first substrate facing the second substrate; and the first metal touch electrode layer comprises a plurality of first touch electrode lines, and the second metal touch electrode layer comprises a plurality of second touch electrode lines intersecting with the first touch electrode lines.