In the first ever international assessment of financial nous among the young, China's most populous city leads the field "by a wide margin" compared with teenagers in the US, France, Italy, Australia and elsewhere.
The study by the OECD, the club of mostly rich nations, tested 15-year-olds on basic financial concepts such as bank accounts, savings rates, managing finances and tax.
Shanghai teens clocked a mean score of 603 points, 103 above the OECD average and 62 points ahead of the next best performer, Flemish Belgium, reports the FT's James Pickford.
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