Independent research

Decision-grade research on public markets and geopolitics

Voyager Research publishes verdict-first deep dives on companies and situations: the position stated up front, the evidence cited inline from primary sources read in the original, and every call graded in public.

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Latest research

China policy deep dive · Industrial overcapacity and anti-involution · Data anchor 9 Aug 2026

China's Overcapacity Debate: What the Operating Record Shows

MOFCOM is right that no universal utilization threshold proves industrial overcapacity. The operating record does not support an economy-wide verdict: autos show strain, polysilicon remains unresolved, and anti-involution still needs verified exit.

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The desk

Evidence at position speed

The desk takes scoped questions from professional investors in situations where Chinese-language facts, policy, or corporate records decide the outcome. The deliverable is a written memo that arrives while the decision is still open. It leads with the position, cites its evidence inline, and states plainly what would change the call.

Company deep dives What a company actually is, listed or private, read from filings, registries, and primary records in their original language.
Event handicapping Regulatory approvals, policy deadlines, and corporate events, with pre-registered checkpoints that grade the call.
Policy and regulatory mapping Ministry, exchange, and regulator activity across Greater China translated into consequence for specific names and positions.
Situation monitoring Live situations tracked against pre-registered checkpoints, so a change in the facts arrives as a signal.

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