The 2012 IIHF Challenge Cup of Asia was the 5th IIHF Challenge Cup of Asia, an annual international ice hockey tournament held by the International Ice Hockey Federation (IIHF). It took place between March 17 and March 25, 2012 in Dehradun, India. The defending champions Hong Kong, who claimed their first title in 2011, did not send a team to this year's edition. Chinese Taipei, winners of the 2010 tournament competed after skipping the 2011 tournament. The United Arab Emirates won the tournament after defeating Thailand in the final and Malaysia finished in third after defeating Kuwait in the bronze medal match