Angela Xu/Shanghai Daily news

A district court will auction an apartment valued at 11.56 million yuan (US$1.69 million) in downtown Lujiazui area by the end of the month to force a debtor to clear his dues.

The Huangpu District People's Court will even pay Ma Yuanqiang a monthly amount of 5,000 yuan to enable him to rent a smaller place until the auction is over.