On August 29, Guangzhou rolled out the "Several Measures for Boosting the Growth and Development of Specialized, Sophisticated, Innovative, and Distinctive SMEs in Guangzhou." This comprehensive package encompasses seven pivotal areas, namely, reinforcing a tiered cultivation approach, fostering innovation, enhancing financial backing, and accelerating digital and intelligent transformation, with a total of 25 support initiatives. Among the measures, there is an emphasis on refining the tiered cultivation system, offering a maximum incentive of 1 million yuan to newly designated specialized, sophisticated, innovative, and distinctive "little giant" enterprises. Additionally, financial support is being bolstered through the establishment of the Guangzhou Industrial Development Fund. Furthermore, to deepen digital and intelligent transformation, technological upgrades for these SMEs will be supported with a maximum reward of 5 million yuan. These actions collectively aim to provide holistic support for the growth and development of specialized, sophisticated, innovative, and distinctive SMEs in Guangzhou.