资本市场的“买者自负”与普通商品交易中的买者自负原则一脉相承,梳理后者的演变过程,可以透析出前者的历史演绎逻辑,证券交易“买者自负”原则的适用前提经历了一般的“买者自负”到建立投资者适当性制度的历史演化。“买者自负”在我国资本市场中始终被强调和重视,但也是备受争议和质疑,仅凭“买者自负”就让投资者自担风险是远远不足的。资本市场中强调“买者自负”还应当强化“监管有责”和“卖者有责”。 The “buyer’s self-interest” in the capital market is in the same line as the buyer’s self-affirmation in the ordinary commodity transaction. Combing the latter’s evolutionary process can reveal the historical deduction logic of the former and the application of the securities transaction “buyer’s self-interest ” principle The premise has undergone a general “buyer’s self-interest” to the historical evolution of establishing a system of investor suitability. “Buyers ” is always emphasized and emphasized in the capital market of our country, but it is also much controversial and questioned. It is far less than sufficient for investors to assume their own risk. Emphasis on capital markets “buyer ” should also strengthen “regulatory responsibility ” and “seller is responsible ”.