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Ant Financial Services Group said on Tuesday it has no timetable for an initial public offering, amid speculation that the internet financial giant is stalling a planned flotation to improve its performance and regain market share.

Apart from sharing good practices from the overseas banking industry, Fung has taken part in creating the bank's five-year strategic plans, and promoting the enhancement of its internal control and risk management mechanisms.

Anyone who loves playing some casual games on their mobile phone will recognize the name Tuyoo, as it was the maker of some of the most popular and downloaded casual games in the app store, including Tuyoo Fishing Mania, 2048 Magic Merge and Tuyoo Landlord Poker.

Any unilateral change of US economic and trade policy towards Hong Kong will create negative impact on the relations between the two sides as well as US own interests, the spokesperson said.

Ankush Arora, chief operating officer at Mansour Automotive, said the manufacturing of the cars will start in the next 12 months, adding they are setting up the assembly facilities at the moment.