PAG's Hong Kong IPO on hold amid weak market Asia-focused private equity firm PAG has put its Hong Kong IPO on hold, three sources familiar with the situation told Mergermarket, AVCJ’s sister title. Poor capital market conditions, PAG’s heavy exposure to a bearish Chinese economy, as well as a lukewarm appetite for the firm’s fourth flagship fund, which is currently in the market, have all contributed... Latest News [AstraZeneca-CICC fund backs China gene sequencer] Axbio, a China-based provider of gene sequencing and diagnostic systems, has raised nearly USD 100m in Series B funding led by AstraZeneca-CICC Healthcare Industrial Fund and...