Jean-Martin Folz, Chairman of PSA Peugeot Citroën, Liu Weidong, Chief Executive of Dongfeng Peugeot Citroën Automobiles (DPCA), and Li Lihui, President of the Bank of China, have signed a letter of intent to create a cooperative automobile financing venture that will partner Banque PSA Finance and DPCA with the Bank of China. The signing at the Palace of the People in Beijing was attended by Republic of China President Hu Jintao and French President Jacques Chirac.