Underlying Index Performance: The primary driver is the performance of the CSI Overseas China Internet 50 Index which the ETF tracks. If the index rises, the ETF's price generally increases, and vice versa.

Supply and Demand: Market demand for the ETF units affects its price. Higher demand relative to supply pushes the price up; lower demand pushes it down.

Net Asset Value (NAV): The ETF's price is influenced by its NAV, representing the total value of the underlying assets per share. Deviations from NAV can create arbitrage opportunities.

Currency Exchange Rates: As the ETF holds overseas (Hong Kong-listed) Chinese internet stocks, fluctuations in the RMB/HKD exchange rate will impact the ETF's value.

Market Sentiment: Overall investor sentiment towards Chinese technology companies and the broader market impacts the ETF's price. Positive sentiment leads to buying pressure.

Expense Ratio: The ETF's management fee and other operating expenses affect its returns. A higher expense ratio can reduce the overall return for investors.

Trading Volume & Liquidity: Higher trading volume generally translates to tighter bid-ask spreads, improving price discovery and reducing trading costs.

Regulatory Changes: Changes in regulations related to internet companies or cross-border investments can impact the underlying stocks and the ETF's price.