In recent years, under the influence of private technology parks in Guangzhou, Baiyun district has been continuously optimizing its business environment.

By the end of 2024, the district had over 350,000 private enterprises, accounting for more than 95 percent of the market entities. The private technology parks have shown outstanding performance, with a revenue of 220 billion yuan ($30.34 billion), a year-on-year growth rate of 13.7 percent.

The Baiyun tax bureau has innovated smart and warmth services, assisting enterprises in overcoming technological barriers through a combination of policies such as research and development expense deductions and a 15 percent tax rate for high-tech enterprises.

For example, Tongda Electric continues to invest 8 percent of its revenue in research and development, holding over 600 patents. With the support of tailored tax services, they have been recognized as an innovative benchmark in "AI + transportation".

The Baiyun tax bureau has established a comprehensive accompanying service system, implementing a response mechanism for inquiries and achieving a 95 percent "zero running" of government affairs within two hours.

The Baiyun tax bureau has enhanced the application of tax big data, optimized the policy matching mechanism, and provided personalized "one-on-one" services. Today, the district has seen the emergence of numerous high-tech enterprises and specialized innovative businesses in the park.