Still, bankers say they are confident that the deal flow will continue this year.

The deal flow has slowed over the last couple of weeks, but the backlog is still large.

The deal flow normally slows as we move into the summer.

A fund's or group's deal flow is generated from many sources.

Some of this deal flow is certain to come at a cost to deals in the Western world.

So far, this east-east deal flow has been relatively one way.

Most banks are concentrating now, though, on hiring and moving bankers to handle the deal flow.

So are being able to identify quality companies and having a major deal flow.

The quantity and quality of the deal flow is also exceptional.

"Investment banking has also been actively hiring to meet the increase in deal flow," he said.