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Ant Financial Services Group is calling off its acquisition of US-based Money-Gram International Inc, after failing to gain approval from Washington's national security panel, which is increasingly obstructive toward Chinese investment in US firms.

Ant Financial, operator of the world's leading payment platform Alipay, said in a statement that Alipay will work with WorldFirst to better serve global small businesses, promote inclusive finance and contribute to sustainable development in the world.

Apart from Nigeria and Uganda, the company owns interests in several blocks in the Republic of the Congo, Algeria and Gabon. In 2017, the company also obtained a 65 percent operating interest in the AGC Profond block in offshore Senegal and Guinea-Bissau.

Apart from asset restructuring, central SOEs can also direct their resources towards competitive companies or industries through equity cooperation, asset swaps, strategic alliances and joint development, the statement said.

Another two rounds of rain will hit south China from Sunday, as areas along the Yangtze and Han rivers, regions between the Yangtze and Huaihe rivers, and regions south of the Yangtze River can expect moderate rainfalls, the National Meteorological Center (NMC) said.