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At least one woman has been taken to hospital after a bloodied man with a knife went on a stabbing rampage in Sydney CBD, jumping on cars and taunting police.

There is a heavy police presence on King St and Clarence St in Wynyard with the CBD in lockdown.

The woman has been taken to St Vincent’s hospital in a stable condition.

People are being warned to avoid the area.

Footage of the incident, obtained by 7 News, shows a man armed with a large knife jumping on top of a car.

Bystanders are seen rushing towards the man, with one man brandishing a chair.

Multiple people are then seen pinning him down with a crate on his head and two chairs holding his body down. He has blood on his hands.

Sky News has reported an eyewitness heard the man shout “Allahu Akbar” and then screamed at police “shoot me in the face”.

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