This paper examines some of the current metacritical perspectives to postcolonial cultural studies, and discusses an alternative cultural contextualist perspective through the case of Hong Kong cultural studies. I first demarcate between contextualist and non-contextualist metacritical perspectives as well as between political-economic and cultural-contextualist ones. Then I identify major metacritiques that are currently made against postcolonial studies, and by showing how they may be applicable to Hong Kong cultural studies, I suggest ways to re-interpret these metacritiques from a cultural sociological perspective. I shall highlight important structural characteristics of Hong Kong cultural studies, and analyse them in terms of a cultural sociology of the postcolonial intellectual field. Ultimately, I argue that the problems associated with this postcolonial intellectual field appear to originate from the hierarchical global cultural context. [Copyright of Cultural Studies is the property of Routledge. Full article may be available at the publisher's website: http://dx.doi.org/10.1080/095023800110046722]