Underlying Index Performance: The ETF's price closely tracks the CSI Overseas China Internet 30 Index. Therefore, the performance of the constituent stocks directly impacts the ETF's price.

Supply and Demand: High demand for the ETF pushes the price up, while increased selling pressure lowers it.

Net Asset Value (NAV): The NAV, reflecting the total value of the ETF's holdings, influences its market price. Deviations between the market price and NAV can create arbitrage opportunities.

Investor Sentiment: Positive or negative market sentiment towards Chinese internet stocks affects investor demand and the ETF's price.

Foreign Exchange Rates: Fluctuations in the exchange rate between the Renminbi (CNY) and other currencies (e.g., USD) can influence the ETF's price, especially since many underlying stocks are listed overseas.

Regulatory Changes: Changes in regulations affecting the Chinese internet sector can significantly impact the stock prices of constituent companies and, consequently, the ETF's value.