报告从战略性分析、环境分析、竞争对手情报、市场信息、分析评论等方面对金融行业进行了分析评论。

宏观经济下行的状况下企业生产动力较弱，工业企业去产能周期被拉长。监管层对影子银行的监管效应将在下半年逐渐体现。流动性预计仍会偏紧。因而预计下半年新增信贷规模将下滑。存款利率浮动上限可能会提高，将抬高银行的负债成本。若上调存款率浮动上限至1.2倍，对银行利润以及净息差的影响较大的银行有平安、华夏、北京。交通银行在国有银行里面受冲击较大。短期看，流动性的趋近会提高贷款的定价，因而在存款与贷款利率均提高的两种力量下，下半年息差有望维持稳定，不会进一步收窄。业绩的风险在于资产质量。一季度多数行业利息保障倍数同比、环比均下行，其中上游与中游下行更为明显，企业偿债能力进一步减弱。而中小企业的偿债压力会更大于上市企业。预计不良率二、三季度不良率均称小幅上升趋势。

持续低成长预期和增强的长期假设不可预见性将导致市场估值体系重构。难以获得稳定合理的利差水平将限制寿险业保费的可持续成长性。税收优惠政策缺失制约寿险产品竞争力和行业成长性。

2013年1季度国内金融运行的主要特点是：各层次货币供应量增速明显回升；社会融资规模比上年多增较多；信贷需求保持旺盛，中长期贷款多增较多；存款增长明显加快，企业资金状况显著好转；银行间市场交易活跃，市场利率有所回落；与上年末比，人民币汇率升值0.26%，海外市场对人民币汇率贬值预期减弱。

2013年1季度，银行间市场整体平稳运行，主要特点是：货币市场资金面较为宽松，利率中枢较去年明显走低；银行间债券市场向QFII开放；利率互换交易中Shibor占比趋升；人民币汇率总体走强，波幅减弱；汇率衍生品价格较为稳定，期权波动率渐次下降。

报告从战略性分析、环境分析、竞争对手情报、市场信息、财务信息、营销信息、产品信息、公司信息、数据库等方面对保险行业进行了分析评论。

The main objective of health insurance is to defend persons against the risk of financial adversity when in need of an expensive medical care. Theoretically, most people are ready to pay higher for a health insurance than their expected costs, but practically, people with lower income or higher expected healthcare expenses find it hard to afford the right premium plans, thus becoming susceptible to financial crisis during medical treatments. Since health insurance coverage is mainly beneficial for individuals who incur higher expense on health care, several health insurance premium plans are positioned to attract enrollees with above average healthcare costs.The US health insurance market is dominated by private players such as UnitedHealth Group and Wellpoint. The Majority of private(non-government) health insurance coverage in the US is employment-based. Employment based insurance plans portray the highest number of health insurance enrollees in the US.

The global money transfer/remittance industry is huge and operates on dirrerent types of business models to transfer funds. Prior to recession, industry was showing a continuous growth due to rising immigrations and technological developments. Money transfer can be international or domestic and in both the cases services vary accordingly,using different channels such as formal, informal and regulated. The structure of international money transfer comprises of a sender,receiver,mediator in two countries and mode of payment.

本报告分析先锋投资对未来全球经济形势、金融市场的风险与机遇、市场运营策略的分析，对于投资者在世界经济低迷阶段选择合理的投资策略、规避市场风险、发掘投资收益无疑将具有重要的启发意义。