Since hydrogen peroxide plays an important role in various fields, a facile, simple, highly selective, and stable analytic method for H2O2 is desirable. Semiconductor quantum dots (QDs) have acted as a potential alternative for organic fluorophores in fluorescence analytical fields due to their superior optical properties. Herein, we report hydrophilic p-hydroxy thiophenol (p-HTP) coated CdSe/ZnS QDs (denoted as p-HTP-QDs) acting as a selective fluorescence ‘turn-on’ probe for H2O2 in aqueous media. The obtained p-HTP-QD probe exhibits weak fluorescence, which stems from hole transfer from the QDs to p-HTP. The presence of H2O2 induces an oxidative structural transformation of p-HTP in p-HTP-QDs from a phenol structure to an α-hydroxy ketone derivative, which extremely reduces the driving force for hole transfer. Thus, the QDs photoluminescence (PL) was re-switched on. Under optimized conditions, an excellent linear relationship between fluorescence response and H2O2 concentration could be produced with a linear range from 0.309 to 4.900mM. The limit of detection of this probe was found to be 0.135mM. Moreover, the present probe exhibited a high selectivity of H2O2 over other reactive oxygen species/reactive nitrogen species (ROS/RNS) and was successfully used in the detection of H2O2 in real water samples.