Underlying Index Performance: The price of 517350.SHG closely mirrors the performance of its underlying index, CSI Overseas China Internet 30 Index. If the index constituents rise, the ETF price tends to increase, and vice versa.

Supply and Demand: Market forces influence the ETF's price. High demand drives the price up, while increased selling pressure leads to a price decrease.

Net Asset Value (NAV): NAV is the per-share value of the ETF's holdings. Significant divergence between market price and NAV can trigger arbitrage activities, impacting the price.

Investor Sentiment: Positive or negative feelings toward Chinese internet companies impact demand and consequently the ETF's price.

Currency Exchange Rates: As the ETF invests in overseas assets, fluctuations in exchange rates (e.g., USD/CNY) affect the ETF's returns and price in CNY.

Regulatory Changes: Shifts in regulations affecting the Chinese internet sector can impact the performance of the underlying companies and the ETF price.