Big Sur installation

According to "NEW: Parallels Desktop 16.5 for Mac Supports Both M1 and Intel Chips" release notes, it was promised:
macOS Big Sur in a VM is a feature that Parallels hopes to add support for in Parallels Desktop later this year.

Parallels Desktop 17.1.1 (51537) still doesn't support macOS Big Sur in a VM.
Any news on when macOS Big Sur in a VM will be supported?
 
"To run a macOS Monterey VM on Mac computers with Apple M1 chips, Parallels Desktop 17 uses new technology introduced in macOS Monterey, that's why it is not possible to run earlier versions of macOS on a Mac with Apple M1 chips." https://kb.parallels.com/en/125561
Thanks for the info.
I've created a Monterey VM, but with all these limitations and without sharing the network with the host machine, this VM is useless.
Productivity and integration features are not available to this VM yet. It is not possible to suspend and resume the VM, shared folders and snapshots are not supported for now. Apart from that it is currently not possible to adjust guest macOS screen resolution in real-time mode when resizing ratio; to change virtual machine amount of CPU and RAM or its hardware parameters (Device UUID and Serial number) and to register with Apple ID. USB and camera sharing are also missing in macOS Monterey VM running on a Mac with Apple M1 chips so far.
 
I wanted to check the current status. I thought I was running Parallels on Apple M1 Mac with Big Sur.
I have now upgraded to Monterey and would like to create a Parallels VM with Big Sur running on an Apple M1 Mac Pro.
Is it possible to create a Parallels Big Sur VM on an Apple M1 Mac Pro
 
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