A teenage boy has been charged after a man suffered serious injuries in a stabbing at Ashfield in Sydney’s inner-west. Police alleged the 15-year-old was armed with a knife when he approached two men and demanded money while on Queen Street about 12:40am.

One of the men, aged 26, was then stabbed in the chest several times before the boy fled empty-handed, police said.

The man suffered a collapsed right lung and was in a serious but stable condition at the Royal Prince Alfred Hospital.

Police said the teen was arrested after a chase in a nearby street.

He was taken to Burwood police station, where he was charged with several offences, including common assaulting and wounding with intent to cause grievous bodily harm.

He was refused bail to appear at a children’s court. A knife found at the scene by police was taken for forensic examination.