Underlying Index Performance: The primary driver is the performance of the CSI 300 index, which 510100.SHG tracks. A rise in the CSI 300 typically leads to a higher ETF price.

Supply and Demand: Market demand for the ETF versus its supply influences its price. High demand can drive up the price even if the underlying index remains stable.

Investor Sentiment: Overall market sentiment and investor confidence levels impact ETF prices. Positive sentiment towards Chinese equities generally benefits 510100.SHG.

Liquidity: The ETF's liquidity in the secondary market affects pricing. Higher liquidity usually results in tighter bid-ask spreads and more efficient price discovery.

Expense Ratio: While not a direct daily driver, the expense ratio charged by the ETF manager reduces returns over time, indirectly affecting its appeal and relative price compared to similar ETFs.

Currency Fluctuations: Changes in the exchange rate between the Chinese Yuan (CNY) and other currencies can impact the ETF's price, especially for foreign investors.

Trading Hours: Trading hours difference between ETF trading and constituent stocks trading can affect the price.