Underlying Asset Performance: The primary driver is the performance of the Chinese companies comprising the CN1.PA ETF's index. Strong company earnings and positive economic data in China generally boost the ETF's price.

Supply and Demand: Increased investor demand for the ETF pushes the price up, while higher selling pressure lowers it. Market sentiment towards Chinese equities significantly influences demand.

Currency Exchange Rates: Changes in the EUR/CNY exchange rate impact the value of the ETF for Euro-based investors. A stronger Yuan increases the ETF's value.

Interest Rates: Interest rate policies in both the Eurozone and China can influence investor appetite for risk assets like Chinese equities, impacting ETF prices.

Global Economic Conditions: Broader global economic factors, such as trade tensions or global growth prospects, can indirectly affect the attractiveness of Chinese investments and therefore the ETF's price.

Political and Regulatory Risks: Political instability or regulatory changes in China can create uncertainty and negatively impact investor sentiment, potentially lowering the ETF's price.

ETF Management Fees: While typically small, higher expense ratios charged by the ETF provider can slightly reduce the overall return and potentially impact the price over time.