The present application relates to a liquid injection ring and a refrigerant lubricated bearing assembly, the liquid injection ring includes a ring body; the ring body is provided with a liquid storage chamber and a plurality of liquid guide holes; the liquid storage chamber is arranged in a circle around the axis of the ring body; the inlets of the liquid guide holes communicate with the liquid storage chamber; the outlets of the liquid guide holes face the end surface of a to-be-lubricated bearing; and the plurality of liquid guide holes are uniformly distributed in a spaced manner along the circumferential direction of the ring body.