Paeonia veitchii is a species of herbaceous perennial peony. The vernacular name in China is 川赤芍 (chuan chi shao). This species is ½-1 m high, has a thick irregular taproot and thin side roots, and deeply incised leaves, with leaflets themselves divided in fine segments. It has two to four fully developed flowers per stem, that may be pink to magenta-red or rarely almost white. It is known from central China.