Embodiments of the present invention provide a method and an apparatus for managing and transmitting fine granularity services. The method includes: increasing the bandwidth of an existing LSP which controls a fine granularity service with the same granularity as that of a new fine granularity service to be established, upon determining that the new fine granularity service shares the same source node and destination node with the existing LSP; and transmitting the new fine granularity service with the increased bandwidth of the existing LSP. The bandwidth utilization rate of optical networks can be obviously increased when transmitting fine granularity services in accordance with the embodiments of the present invention; furthermore, the storage space of each node through which the LSP passes is saved and the recovery performance of fine granularity services is guaranteed.