An image displaying system is provided, in which a touch panel comprises a transparent substrate with a first surface and a second surface opposite to the first surface, a black matrix, a protection layer, at least one first transparent electrode, a planarization layer, a color filter and a common electrode. The black matrix is disposed on the second surface to define at least one transparent region. The protection layer is disposed on the black matrix and the transparent region, and the first transparent electrode is disposed on the protection layer and within the transparent region, wherein the first transparent electrode, the transparent substrate and an external electrode form a touch sensing capacitor. The planarization layer is disposed on the protection layer and the first transparent electrode, the color filter is disposed on the planarization layer, and the common electrode is disposed on the planarization layer and covering the color filter.