The third batch of state-owned enterprises (SOEs) to undergo mixed ownership reform is under study and will be released soon, said Xiao Yaqing, head of the State-owned Assets Supervision and Administration Commission, the Securities Daily reported.

“The oil and gas sector is expected to be the focus of the third batch reform, which will break the current supply chain,” an analyst told Securities Daily, without specifying the exact timing.

However, there is a very high possibility that the industries of civil aviation, weapons and telecommunications will be included in the new round of SOE reform, the report said.

In the previous trial reform, the energy and the power sectors were serving as the pioneers, marking the reorganization of Shenhua Group and China Guodian Corporation, merging the leading energy and power company together.

The recent restructuring of China Three Gorges Corporation, is also a water test involving the transformation of large energy firms.

Previously, the National Development and Reform Commission had picked out 19 SOEs in oil, natural gas, power, railway, civil aviation and weapons industries to kick off mixed ownership reform.