A refrigeration system and a control method of the refrigeration system are provided. The refrigeration system includes a cooling circuit and a compressor, an evaporator assembly, and a condenser assembly sequentially arranged on the cooling circuit, and the refrigeration system further includes: a liquid pump cooling assembly, arranged on the cooling circuit and located between the condenser assembly and the evaporator assembly, the liquid pump cooling assembly includes a housing and a liquid pump arranged in the housing, the housing defines a cavity having a liquid reserving function, a refrigerant inlet, a first outlet connected to the cavity and a second outlet connected to the liquid pump, an outlet of the condenser assembly is in connected with the refrigerant inlet, and both the first and second outlets are connected with an inlet of the evaporator assembly; a control assembly, connected with the compressor and the liquid pump.