Fishermen hold the fish, a megalonibea fusca, in Zhoushan, east China' Zhejiang Province. [Photo: asgd.com]

A fisherman from east China caught a 1.56 meter long fish and wants to sell it for 1.1 million yuan, or about 165,000 USD.

The fish, a megalonibea fusca, weighs 48kgs and was caught near a reef off the coast of Zhoushan, Zhejiang Province on Sunday.

The fisherman said the fish is as rare as giant pandas. Many fishermen never would get the chance to catch one in their lifetime.

He has already received many inquiries about the fish, but he is in no hurry sell it.