Police say the name of the man found in water near the rocks at Homunga Bay, Waihi, yesterday afternoon was Yingbo Xu, 28, from Hamilton.
Another man, who was believed to be fishing with Mr Xu, is still missing.
Police have undertaken shoreline and air searches today but unfortunately the missing man has not yet been located.
Search teams will recommence searching in the morning, weather conditions permitting.
A father and son out fishing discovered the 25 year old's body floating near the shore, say police.
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