London is one of the largest economic centers in the world and the largest city in Europe. London and new york are tied as the top international metropolises in the world. Financial industry is the pillar industry of London, which is the most important banking, insurance, foreign exchange, futures and shipping center in the world.
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About 45% of the world's currency business is traded in London, and the London Stock Exchange is one of the most important securities trading centers in the world.
The number of banks in London ranks first in the world, including more than 480 foreign banks, and the total capital of London ranks first in the world. London is the largest international insurance center in the world, with more than 800 insurance companies, of which 170 are branches of foreign insurance companies. London's insurance business has a long history, abundant funds and excellent reputation.
London is the world's largest international foreign exchange market, and London is also the world's largest commodity trading market, which controls the pricing power of world commodities such as gold, silver and crude oil. So international gold is called London gold, and international silver is called London silver.
London Stock Exchange is one of the four largest exchanges in the world. In addition, there are many commodity exchanges in London that trade precious or bulk world commodities, such as gold, silver, non-ferrous metals, wool, rubber, coffee, cocoa, cotton, oil, wood, sugar, tea and antiques.
London is the most important center of culture, education, sports and science and technology in the world. The number of museums, libraries, cinemas and stadiums in London ranks first in the world. It is the only city in the world that has hosted three Olympic Games. It has the most famous film festival, music festival and fashion week in the world, the largest number of higher education institutions and famous universities, and ranks among the best cities for studying abroad in the world.