The name of the man found in the water near the rocks at Homunga Bay in Waihi on Sunday afternoon has been named.
He was Yingbo Xu, 28, from Hamilton.
Another man, who was believed to be fishing with Mr Xu, is still missing.
Police have carried out shoreline and air searches today but unfortunately have not yet found him.
Search teams will search again in the morning, weather conditions permitting.