London is the capital of the United Kingdom of Great Britain and Northern Ireland and the world's financial center, accounting for more than 40% of the world's foreign exchange transactions, and is also known as "Newland Port" with new york and Hongkong. London is the political, economic, cultural and financial center of Britain and the city with the most museums, libraries and gymnasiums in the world. The headquarters of Fortune 500 companies 19, and 7 universities of Fortune 100 companies are located in London.
London is the largest financial center in the world, controlling 45% of the world's foreign exchange transactions and the pricing power of commodities such as gold, silver and crude oil. It is also the largest banking, insurance, futures and shipping center in the world. The daily average foreign exchange transaction volume in London is as high as 2.7 trillion US dollars, ranking first in the world, and the total wealth of residents ranks second in the world.
Administrative divisions of London:
Greater London is divided into London and 32 neighboring municipalities. The Greater London Metropolitan Area can be divided into four regions: City of London, West London, East London and South London. The City of London is the financial capital and trade center, and West London is the seat of the British Royal Palace, Prime Minister's residence, Parliament and government departments. East London is an industrial area and a residential area for workers, while South London is a mixed area of industry, commerce and housing.