Underlying Asset Performance: The ETF's price directly reflects the performance of the securities it holds, primarily companies listed on the Shanghai Stock Exchange Science and Technology Innovation Board (STAR Market).

Supply and Demand: Basic market forces influence the ETF's price. Higher demand pushes the price up, while increased supply can lower it.

Market Sentiment: General investor optimism or pessimism towards the STAR Market and Chinese technology stocks can significantly affect ETF pricing.

Index Tracking Accuracy: The ETF aims to replicate the performance of its benchmark index. Deviations from this tracking can impact its price relative to the index.

Fund Management Fees and Expenses: The ETF's expense ratio, encompassing management fees and operational costs, can slightly affect its returns and, consequently, its price.

Liquidity: Higher trading volume generally leads to tighter bid-ask spreads, improving price efficiency and stability. Lower liquidity can result in price volatility.