P. F. Chang's China Bistro is an American-based, casual dining restaurant chain founded in 1993 by Paul Fleming and Philip Chiang that serves Asian fusion cuisine. Centerbridge Partners owned and operated Chang's until acquired by the private equity firm TriArtisan Capital Advisors on March 2, 2019. P. F. Chang's is headquartered in Scottsdale, Arizona.

The chain specializes in American Chinese cuisine, plus other Asian dishes. P.F. Chang’s operates 300 locations in 22 countries and U.S. airports, including P.F. Chang’s To Go takeout locations.

The name "P. F. Chang's" is derived from Fleming's initials (P. F.) and Chiang's last name, with the I omitted.

The chain was founded in 1993 by Paul Fleming and Philip Chiang - son of restaurateur Cecilia Chiang. The first restaurant was opened at the Scottsdale Fashion Square in Scottsdale, Arizona. In 1993, P.F. Chang's China Bistro, Inc. was formed from the acquisition of the original four bistro restaurants.

In 2010, P.F. Chang's Home Menu was introduced in supermarkets. The brand represents a group of frozen appetizers and meals that were sold under license by Unilever.

In 2012 Chang's accepted an offer from private investment firm, Centerbridge Partners in a deal valued at $1.1 billion.

ConAgra Foods, Inc. acquired the P.F. Chang's Home Menu license from Unilever in August 2012.

In 2015, P.F. Chang's filed for bankruptcy for its Canadian division.