The 1992–93 Asian Cup Winners' Cup was the third edition of association football competition run by the Asian Football Confederation specifically for its members cup holders.

First round

1 Sing Tao withdrew. 2 PIA and York both withdrew; the tie was scratched. 3 Balestier withdrew. 4 Mohammedan withdrew. 5 Safa withdrew.

Second round

1 Mohammedan were drawn against the winner of PIA and York, but both teams withdrew.

Intermediate Round

Semifinals

11st leg Nov 12, 2nd leg Nov 26 (other source has legs reversed and dates Nov 12 and 20) 21st leg Nov 13, 2nd leg Nov 20

Final

First Game

Second Game