The second part reviews the market environment of personal finance services, including macro market environment and analysis on market demands.

第二部分，考察了我国商业银行个人理财服务的市场环境，包括宏观市场环境和市场需求状况分析。

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Whether the push of macro market environment or the permeation of brand culture, the require for brand operation increases greatly and some enterprises made some brave trial.

不管是大市场环境的推动，还是品牌文化的渗透，近一两年香烟的品牌运作的呼声从未停过，厂商的动作也似乎越来越大胆起来。

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A fully normalized macro policy stance is key to address the macro risks with respect to inflation and the housing market.

宏观立场需要完全正常化以应对各种宏观风险，特别是通胀和房地产市场的风险。

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In addition, most investors understand the challenges for fundamentally-based managers in a macro driven market, and are confident they will not persist.

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The current account is in surplus, but at some point a falling trade balance could send the current account into deficit, creating huge dangers and risk of macro financial market disruption.

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Over the years, the firm has moved with the trends, going from the macro emerging market story to sectors to themes whether its a consumer focused fund like EGA Emerging Global Shares (ECON) up15.6 percent since it launched two years ago to dividend funds, or infrastructure funds.

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