Underlying Asset Performance: The primary driver is the price movement of the Chinese stocks held within the ETF. Positive performance of these companies generally leads to a higher CLTC.XETRA price.

Supply and Demand: Increased investor demand pushes the price up, while greater selling pressure lowers it. This reflects overall sentiment towards Chinese equities.

Currency Fluctuations: The exchange rate between the Euro (where the ETF is traded) and the Chinese Yuan affects the ETF's value, especially given the underlying assets are denominated in Yuan.

Index Tracking Accuracy: How closely the ETF replicates its benchmark index influences the price. Deviations from the index can create price discrepancies.

Expense Ratio and Management Fees: Higher fees can slightly reduce the overall return and potentially impact the ETF's price compared to its underlying assets.

Geopolitical and Economic Factors: News regarding Chinese economy, trade relations, and political stability significantly affects investor confidence and thus the ETF's price.